New NNPCL GCEO Unveils Agenda, Aims to Attract $30bn Sectoral Investments
By 2027, $60bn By 2030
FEC Urges Prayer for Nation, Tinubu, Preaches Sacrificial
NGF Warns Violence Will AffectNegatively Plateau’s Agriculture, Tourism Potential
Presidency: Tinubu Fully Involved in Governance Despite Foreign Travels
Says president in touch with top govt officials, giving directives to service chiefs Discloses he’s currently in London, to resume work after Easter holiday Fasoranti satisfied with administration, Ondo monarchs endorse president for second term
AMBASSADOR MILLS VISITS
L–R: The American Ambassador to Nigeria, Mr. Richard Mills Jr.; Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mr. Bayo Ojulari; and the Group
NNPC Ltd, Mr. Rowland Ewuba, during a courtesy visit by Mills to the NNPCL Towers in Abuja, yesterday
L-R: Oyo State Governor/Vice Chairman of the Nigeria Governors’ Forum (NGF), Engr. Seyi Makinde; Benue State Governor, Hyacinth Alia; Kwara State Governor/Nigeria Governors’ Forum Chairman, AbdulRahman AbdulRazaq; Plateau State Governor, Caleb Mutfwang; Bauchi State Governor, Bala Mohammed; and Borno State Governor, Prof. Babagana Zulum, during NGF’s condolence visit to Jos, Plateau State, on Thursday to commiserate with the state government over the recent violence in parts of the state
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos A few days after assuming duties
Deji Elumoye, Chuks Okocha, Linus Aleke in Abuja and Hammed Shittu in Ilorin
Nigeria Governors’ Forum (NGF) has warned that the spate of violence in
RETREAT FOR HEADS OF MDAS...
Easter: FEC Urges Prayer for Nation,
Tinubu, Preaches Sacrificial Love of Christ
Today presents another opportunity for us to reflect, says Obaseki
The Federal Executive Council (FEC), has urged the Christian faithful and Nigerians in general to use the occasion of Easter, marking the death and resurrection of Christ, to pray for Nigeria and President Bola Tinubu.
Also, a former governor of Edo State, Godwin Obaseki, has said today being Good Friday, presented another opportunity for the people to reflect on the lessons of love, compassion, and sacrifice as exemplified by Jesus Christ on the cross of Calvary.
Secretary to the Government of the Federation, SenatorGeorge Akume, on behalf of FEC, felicitated with Nigerians, particularly, the Christian faithful on the solemn occasion of Easter celebration in commemoration of the death and resurrection of Jesus Christ.
The SGF, in a statement yesterday by Director, Information & Public Relations OSGF, Segun Imohiosen, described the sacrificial love of Jesus Christ to humanity as exemplified by his death and resurrection as a beacon of hope, salvation and liberation for the Christendom.
He urged Christians to imitate the sterling lifestyle of Jesus Christ as well as his teachings on love, forbearance, selflessness and forgiveness in all aspects of their endeavours.
Akume used the opportunity to enjoin Nigerians to pray for peace and unity of the nation and to support President Tinubu’s Renewed
Hope Agenda for a prosperous Nigeria for all.
The FEC, therefore, wished the Christian faithful a blessed Good Friday and a happy Easter celebration.
On his part, Obaseki, in a statement personally signed, said, “A core aspect of our journey toward a better and more prosperous future, both as individuals and a nation, is the reality of challenging times
that test our foundational beliefs and convictions.
“In the face of these challenges, however, we must remain united in love, drawing strength from our shared experiences and unwavering
faith in democratic ideals.
“We must recognise that certain circumstances require us to rise above personal interests in pursuit of the greater good for all.
“As we observe Good Friday,
I urge everyone to seek the face of God, be their brother’s keeper, extend love to neighbours and the less privileged, and work towards a peaceful and progressive nation,” he stated.
Trump’s Tariff Hike: LCCI Worried Over Impending Higher Inflation
Says tariff threatens Nigeria’s N323.96bn non-oil, non-energy exports to US
Dike Onwuamaeze
Lagos Chamber of Commerce and Industry (LCCI) has expressed apprehension that Nigeria and many other economies around the world would begin to experience higher inflation rates from escalating tariff wars between the US and the rest of the world.
This position was expressed yesterday by President of LCCI, Mr. Gabriel Idahosa, during the chambers first quarterly press conference for 2025.
Idahosa said Nigeria should evolve strategic and proactive response to President Donald Trump’s tariffs, which were already a threat to Nigeria’s N323.96 billon (in 2024) non-oil, non-energy exports to the US.
He stated, “In the first quarter of 2025, the global economy recorded modest growth, driven by moderate inflation, lower interest rates, improved domestic demand, and investment in developed and emerging markets.
“However, downside risks may stem from geopolitical tensions, trade policy uncertainties, and high debt levels. “With escalating tariff wars between the United States and the rest of the world, we may soon begin to record higher inflation rates across many economies that are directly affected by the tariffs.”
He added that the Nigerian economy might record a limited impact from the exemption of the oil and gas purchases by the US from the 14 per cent tariff on Nigeria.
Musawa: Nigeria to Hold Stakeholders
Engagement on Intellectual Property May 23
Olawale Ajimotokan in Abuja Minister of Art, Culture, Tourism and Creative Economy, Hannatu Musawa, said Nigeria will hold a stakeholders’ engagement on intellectual property on May 23. Musawa disclosed this yesterday at the signing of an Memorandum of Understanding (MoU) between the ministry and Chocolate City on modalities for growing arts, culture and the creative economy in Nigeria.
Musawa said she and Minister of Trade and Investment, Dr Jumoke Oduwole, finalised discussions on the subject on Wednesday on how to package and present it to the Federal Executive Council (FEC).
The stakeholders’ engagement will be unveiled to the industry in Lagos ahead of another version
billed for Abuja. Musawa stated, “IP protection is all part of how we are going to continue to strengthen and to be able to extract the value of job creation. There is a number of young Nigerians, and I know it has really become quite banal when I speak about how important this sector is to this growing populace of Nigeria.
“Not every young Nigerian has access to work in an oil company or in a law firm. But every young Nigerian, no matter what community you go to, has the ability to create content on their phone, to create music, to create art. So, we want to leverage on that, and this is part of what we hope to really tap into with our partnership with Chocolate City.”
She stated that the production,
distribution and all the value chain will add to economic growth that also underlined the ministry’s commitment to growing the GDP by $100 billion by 2030.
The minister said, “Even though some may think it is an ambitious number, we don’t think so. Once, we put all the modalities in place that will allow the industry, which is really 49 sub-sectors beyond music, art, fashion, and film, to really grow, I think you will see a huge growth, economic expansion, cultural expansion.
“Unity will use this industry to create unity, a sense of identity for us as Nigerians. So many great things are going to come out from this MOU, and I have to say, honestly, this is one of the most exciting days that I’ve had.
Idahosa stated, “The tariffs have served to drive oil prices down, indicating a challenge to Nigeria’s foreign exchange earnings from crude.”
According to him, the persisting geopolitical tensions may cause more supply chain disruptions and increase inflation, especially in developing countries.
He advised the central banks to be mindful of using high interest rates to curb inflation.
Idahosa said, “With Trump’s tariffs threatening Nigeria’s N323.96bn (in 2024) non-oil, non-energy exports to the US, we believe a strategic, measured, and proactive response from the Nigerian government is imperative.
“We recommend that the government intensify diplomatic efforts through our relevant ministries to seek clarity on the rationale for the tariffs and explore pathways for reversal or renegotiation with respect to Nigeria’s ban on 25 import items
from the US.
“Nigeria can lead the conversations around the Africa Growth and Opportunity Act (AGOA) and other multilateral platforms to sustain the opportunities.”
The LCCI’s president said in view of the global developments due to America’s tariffs, the chamber was recommending that the government should build local competencies in the country’s areas of competitive advantage, particularly agriculture, solid minerals, oil and gas, etc., in order to build the economy and withstand the global shocks that might arise from the trade war.
He stated, “In addition, we must leverage emerging opportunities to diversify the country’s exports and expand our network of trading partners to explore other potential markets.
“With the global oil market facing multiple uncertainties and prices trending downwards (currently below the budget benchmark of $75),
the government needs to develop a fiscal response to address potential revenue gaps in the budget and the country’s foreign exchange earnings.”
Idahosa stated that Nigeria must reduce overdependence on a few trade partners by expanding its bilateral trade agreements with emerging economies in Asia, Latin America, and Africa.
He added that the intra-African trade under the African Continental Free Trade Area should be aggressively promoted.
Idahosa said, “We urge the federal government to incentivise local production and value addition in agriculture, mining, and manufacturing.
“Exporting commodities in their primary state must give way to processed finished Nigerian goods that command higher global value.
“The chamber recommends an urgent review of Nigeria’s national trade policy to reflect emerging global realities.
To Reduce Cost of Air Travel in MDAs, FG Launches BisonFly Project
Ndubuisi Francis in Abuja
In a bid to reduce the cost of air travel across Ministries, Departments, and Agencies (MDAs), the federal government has launched a centralised, technology-enabled system, BisonFly Project.
The government said the project was a response to the need for cost-saving across all air travels for the federal civil service, through a structured, optimised, and technologydriven discount programme.
Inaugurating the project team in his
office in Abuja, Thursday, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, stated that the BisonFly project was a strategic initiative designed by the Federal Ministry of Finance to reduce the cost of air travel across the MDAs. A statement made available to THISDAY by Director, Information and Public Relations, Mohammed Manga, said the system will integrate digital booking tools and centralised platforms, ensuring transparency and efficiency in official travel arrangements. The project was expected to
go live in the coming months. Edun emphasised the importance of institutional reform in achieving sustainable cost savings, “Project BisonFly directly supports our commitment to prudent financial management.”
According to him, “By coordinating travel and securing discounted rates, we are using the government’s collective bargaining power to cut expenditure and improve service delivery, just as global institutions like the World Bank have done successfully.”
L-R: Vice President, Kashim Shettima with the Director General of NIMASA, Dr. Dayo Mobereola, during the Presidential Enabling Business Environment Council (PEBEC) retreat for heads of MDAs in Abuja. .. recently
79TH ANNUAL GENERAL MEETING OF NIGERIAN BREWERIES...
Adighije: NDPHC Has Invested N500bn in Power Transmission Infrastructure Nationwide
in
The Chief Executive of Niger Delta Power Holding Company (NDPHC), Jennifer Adighije, yesterday led the company’s management team on an inspection of the 330/132/33kV Lafia substation, disclosing that N500
billion has so far been invested in developing transmission infrastructure by the company nationwide.
Constructed by NDPHC and commissioned in 2022, the Lafia substation is a critical component of Nigeria’s power infrastructure, and was built to significantly improve the
quality of power supply to Nasarawa and surrounding states.
Adighije was accompanied on the visit by the Executive Director in charge of Generation, Kassim Abdullahi; Executive Director, Legal Services, Dr. Steven Azinge, and Executive Director, Networks,
Babayo Bello, according to a statement by the General Manager, Corporate Communication and External Relations, NDPHC, Olufunke Nwankwo.
“This is a project that was delivered by NDPHC and handed over to the transmission company of Nigeria. It’s a 330/132/33KV transmission
FG Reduces MDA Power Debts by 47% Amid 70% Liquidity Growth, 35% Subsidy Cut
Insists N200m in monthly tariff shortfall unsustainable Says electricity generated, distributed has risen by almost 40% under Tinubu
Emmanuel Addeh and Olawale Ajimotokan in Abuja
The federal government yesterday disclosed that debts owed by its Ministries, Departments and Agencies (MDAs) to the Abuja Distribution Company (Disco) have been cut by 47 per cent, from N15.53 billion to N8.17 billion.
In addition, the government stated that due to recent billing restructuring in the sector, sector liquidity in the form of available revenues, grew by 70 per cent from N1 trillion in 2023 to N1.7 trillion as of the end of 2024.
The Minister of Power, Adebayo Adelabu, who spoke at the 6th edition of the 2025 Ministerial Press Briefing Series in Abuja, organised by the Ministry of Information, projected that Nigeria’s generation will exceed 8,000mw by 2027, given the sustained growth experienced in the last two years.
He said it took the country almost 40 years to achieve an incremental generation of 2,000mw of energy in less than two years, noting that the country has now crossed the 6,000mw peak for the first time in history.
“It is evident that, due to our transformative tariff reforms, the market has generated an additional N700 billion in revenue, reflecting a 70 per cent increase. This results from the cost-reflective tariff adjustment for Band ‘A’ customers. Market revenue for 2024 rose from N1 trillion in 2023 to NGN 1.7 trillion.
“This growth in market revenue is unprecedented, as the highest growth previously achieved was 20 per cent. This positively impacts the reduction of the government-subsidised tariff shortfall by 35 per cent, decreasing it from N3 trillion to N1.9 trillion. This demonstrates that financial viability and service delivery can coexist harmoniously,” Adelabu stated.
The minister stated that to ensure a more liquid electricity market, MDAs in Abuja have been able to offset their debts, cutting it by as much as N7.36
billion or 47 per cent in recent times.
He stressed: “Furthermore, regarding market liquidity, the diligent efforts of the Nigerian Electricity Liability Management Company (NELMCO) have resulted in the reconciliation and reduction of federal MDA debts owed to Abuja Disco by 47.4 per cent, decreasing from N15.53 billion to N8.17 billion.”
According to the minister, one of the major focuses of the power sector is to improve generation and increase energy access, explaining that over the past months, it has continuously made progress in generation through some initiatives.
“On March 2, 2025, Nigeria reached a remarkable generation available capacity of 6,003mw, marking the first time this level had been recorded in the country’s history. This achievement was followed by a peak generation evacuation of 5,801.44 megawatts on March 4, 2025, which also saw an impressive daily energy output of 128,370.75 megawatt-hours on that day.
“The average daily power generated and distributed in the past quarter of 2025 was 5,700mw compared with the 4,100mw achieved in the third quarter of 2023. This indicates a growth of 1,600mw, nearly 40 per cent growth since we assumed office at the ministry. Given that it took the country almost 40 years to achieve an incremental 2,000mw average energy, we accomplished this in less than two years,” he added.
Through targeted interventions by the new management of the Niger Delta Power Holding Company, he stated that Nigeria has been able to restore 232.5 megawatts of previously idle capacity from the Omotosho and Benin plants. Besides, Adelabu said that the process of full evacuation from the Zungeru and Kashimbila hydropower plants was underway, with Zungeru currently evacuating 550mw out of the 700mw capacity, while Kashimbila evacuates 40mw of the 40mw available capacity. He stated that the government was
in the initial phases of developing the Makurdi hydro project and revitalising the Kaduna thermal plant, both of which will enhance power generation on the grid.
According to him, Makurdi holds the potential for significant hydropower generation of approximately 1500mw, while the Kaduna thermal plant is 87 per cent finished and has a capacity of 215mw, highlighting that it was inactive for about six years prior to the current administration.
“In terms of generation, Nigeria has a 14gw capacity potential of hydropower but only utilises about 20 per cent. As a result, we are working on a hydropower plan for small hydro dams under the Sustainable Power and Irrigation in Nigeria (SPIN) programme.
Additional studies are ongoing, as well as studies on small hydro potential across strategic corridors—Badagry to Sokoto Highway,” he pointed out.
To strengthen the transmission network, the minister said that the Transmission Company of Nigeria (TCN) commissioned 61 new transformers totalling 5,589MVA in 2024, followed by nine additional transformers, adding 1,637.5MVA in Q1, 2025 across key locations including Lagos, Benin, Bauchi, Osogbo, Kano and Kaduna.
“With N25 billion allocated in the 2025 budget to complete all outstanding transmission projects, we are systematically addressing infrastructure gaps to deliver a more resilient and capable national grid.
“The launch of the Presidential Metering Initiative, backed by a N700 billion FAAC allocation. A new SPV has been set up with the board fully constituted to lead implementation. We target 1.1 million meters by the end of 2025, with 2 million annually for the next five years and the procurement process has started.
“Through the World Bank-funded Distribution Sector Recovery Program (DISREP), over 3.2 million meters will be procured and installed alongside meter data management solutions for
Disco optimisation. The first batch of 75,000 meters under ICB1 arrived in April, with 200,000 more expected in the month of May 2025.
“Lastly, the Discos are currently undergoing restructuring aimed at enhancing service delivery and operational efficiency. Furthermore, new acquisition and management modifications are being implemented, while the Nigerian Electricity Regulatory Commission (NERC) is reinforcing the performance matrix for the Discos,” he said.
Earlier, the Minister of Information and National Orientation, Mohammed Idris, said that since the kick-off of the 2025 series in February, it has hosted ministers representing a total of seven ministries, providing first-hand facts and figures to Nigerians at home and abroad, on the policies and programmes of the administration.
substation, comprising two 150 MVA transformers, two 60 MVA transformers, and one by 75 MVA reactor.
“And as you can see, this is a project that was delivered to worldclass standards. By every standard, this is one of the best that one can ever find internationally, in line with global best practices and standards.
“And as the mandates of the NDPHC were very clear in terms of our delivery of projects, because we are an entity essentially that provides backbone services for the sector, ensuring that we deliver projects that would impact the entire gas to electricity value chain,” the Managing Director stated.
She added: “NDPHC has invested over N500 billion in transmission projects, transmission lines, transmission infrastructure, line-bay extensions, transformers, substations, you name it, across the entire power sector.
“And in spite of the liquidity crisis that we are facing, we are here to reaffirm our commitment to Mr. President’s Renewed Hope Agenda, which aims to scale power generation, transmission, and distributed access to electricity”.
She debunked the claim that the company is unable to generate power optimally, stressing that the company has more capacity than transmission can carry.
“Let me put it to Nigerians, that for those that have been saying that the NDPHC is unable to generate optimally, the real issues are that we actually have a generation in excess of the transmission availability.
“And therefore, at NDPHC we are
unrelenting, we are undeterred, and will continue to dedicate resources to ensure that we scale transmission to evacuate the stranded generation that we have,” she assured.
Adighije, who also led the team on a visit to the Governor of Nasarawa State, Abdullahi Sule, thanked the governor for his support for the company, noting that the enactment of the Electricity Act has opened up the sector, with stakeholders now able to transact business bilaterally.
“And therefore, we are now empowered to be able to stimulate market activities, even here in Nasarawa state, that would ensure that we deliver access to electricity to the last mile that would be of benefit to Nasarawa state, NDPHC and would be of benefit to the common good of Nigerians”, she added. Sule, in his response, praised Adighije for her leadership qualities, stating that her arrival at the company has led to significant transformation, observing that despite having the excellent transmission facility, power supply to the state has been challenging due to poor distribution network.
“We are actually probably transmitting less than we can distribute. So you need all those partners. So the way you are visiting me, please visit all these Distribution Companies (Discos).
“It’s very important for them to know that it’s a total waste for you to end up generating this and they are not taken because you need off-takers when you generate. If the off-takers are not taking load, you cannot make your money,” he noted.
NASENI Unveils Made-in-Nigeria Vehicles,
Laptops, TVs, Others in
The National Agency for Science and Engineering Infrastructure (NASENI) has unveiled its different brands of Made-in-Nigeria products in Katsina State as part of efforts to strengthen Nigeria’s industrial sector and reduce reliance on imports.
The products which include a Hilux vehicles, laptops, phones, batteries, smart TVs, microwaves, water dispensers, hydraulic equipment, were unveiled at the agency’s Strategic Focus Group Meeting on made-in-Nigeria products in the state.
With the theme: ‘Made in Nigeria for Everyone’, the meeting served as a viable platform to discuss strategies for improving product quality, tackling production hurdles and expanding market access for the Nigerian products.
At the meeting, the NASENI Consultant and Coordinator of the Strategic Focus Group Meeting, Saleh Adamu-Kwaru, said the meeting was to fine-tune ways of improving production line and acceptability of the locally produced products in the country.
He said the strategic focus group meeting on made-in-Nigeria products was designed to also promote indigenous technology and local content and data collected, will inform future NASENI interventions.
He therefore urged the federal fovernment to support local entrepreneurs to grow and to intensify efforts on innovation and local manufacturing in order to create employment opportunities and strengthen the local supply chain. Adamu-Kwaru underscored the
Katsina
importance of home-grown production in building a sustainable and competitive economy, adding that it boosts economic growth and reduces dependence on imports to enhance Nigeria’s self-sufficiency.
He said: “Participants have seen the wonders that have been done in Nigeria and something that every Nigerian must celebrate. It is part of the renewed hope agenda of the president which is being championed under the automobile sector by the executive vice chairman of NASENI. “This vehicle (Hilux) is electronic however different from others in other parts of the world because it is a hybrid type that goes with PMS and electronic. I want to encourage the Federal Government to move up into these innovations and support the local entrepreneurs to grow.”
Francis Sardauna in Katsina
Emmanuel Addeh
Abuja
L–R: Finance Director, Nigerian Breweries Plc, Ben Wessels Boer; Non-Executive Director, NB Plc, Stella Ojekwe-Onyejeli; Non-Executive Director, NB Plc, Mr. Sijbe “Siep” Hiemstra; Board Chair, NB Plc, Juliet Anammah; Managing Director, NB Plc, Hans Essaadi; Non-Executive Director, NB Plc, Adeyinka Aroyewun; and Non-Executive Director, NB Plc, Mr. Ibrahim Puri, during the 79th Annual General Meeting of the company held in Lagos, yesterday PHOTO: SUNDAY ADIGUN
DEVELOPMENT OF THE NIGERIAN WEB DESIGN STANDARDS...
Executive Vice-Chair of the Foundation, Mrs. Ofovwe Aig-Imoukhuede; and Minister of Communications, Innovation and Digital Economy, Dr.
during the development of the Nigerian Web Design Standards, an initiative designed to harmonise the design and functionality of government websites across Nigeria, in Lagos, yesterday
CBEX: SEC Ready to Partner Law Enforcement Agencies for Action against Promoters
Insists Ponzi operator not registered, urges public to always verify registration status
Ndubuisi Francis in Abuja
Pursuant to the provisions of Section 196 of the newly enacted Investments and Securities Act 2025, the Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with relevant law enforcement agencies to take appropriate enforcement action against Crypto Bridge Exchange (CBEX), currently enmeshed in a staggering N1.3 trillion Ponzi scheme, as well as its affiliates and promoters.
However, SEC restated that the Ponzi scheme operator was not at any time granted registration by the commission to operate as a Digital Assets Exchange.
In a circular dated April 17, 2025, SEC said its attention had been drawn to recent media reports/ publications on the activities of CBEX.
It said CBEX, which also operated under the corporate identity of ST Technologies International Ltd, Smart Treasure/Super Technology, had held itself out as a digital asset-trading platform, offering high returns to investors in Nigeria.
The circular said, “The commission hereby clarifies that neither CBEX nor its affiliates were granted registration by the commission at any time to operate as a Digital Assets Exchange, solicit investments from the public or perform any other function within the Nigerian capital market.”
SEC said its preliminary investigations revealed that CBEX engaged in promotional activities to create a
false perception of legitimacy, in order to entice unsuspecting members of the public into investing monies, with the promise of implausibly high guaranteed returns within a short timeframe.
“CBEX has failed to honour withdrawal requests from their subscribers and abruptly closed their physical offices, amid mounting complaints,” the commission said. It added, “The commission uses this medium to remind the public to REFRAIN from investing in or dealing with any entity offering unrealistic returns or employing similar recruitment-based investment models. Prospective investors are advised to VERIFY the registration status of investment platforms via the Commission’s dedicated portal before transacting with them.”
Director General of SEC, Dr. Emomotimi Agama, had recently disclosed that the commission was launching a more forceful and coordinated enforcement regime against unregistered and illegal “phony” investment schemes, otherwise known as Ponzi schemes.
Agama said with the newly enacted Investments and Securities Act, 2025 (ISA 2025), the commission now had enhanced powers to prosecute Ponzi schemes and their promoters.
He said investigations were ongoing on CBEX, adding that promoters of the failed scheme will not go scot-free.
Agama said the new law had
given the commission more powers and blocked loopholes in emerging areas of virtual and digital assets.
He stated, “The ISA 2025 has given the commission the legal backing to provide clarity, ensure investor protection, and enhance market confidence, especially in new and previously unregulated segments
such as digital asset exchanges and online foreign exchange platforms.”
According to him, while the apex capital market regulator would continue to support innovations in finance and investments, the commission would maintain strict oversight in line with its enhanced investor’s protection mandate.
“We welcome innovation, but it must occur within a regulated environment that protects investors and maintains the integrity of our market,” Agama said. He recalled that SEC had even with the limited scope of the repealed Act maintained extensive surveillance and was able to shut down a number
of Ponzi schemes, with some of the promoters, like Fahmzi Interbiz, jailed for defrauding Nigerians. With the ISA 2025, which gives the commission more powers to deal with issues, SEC will ensure that promoters of such schemes are not allowed to operate, Agama said.
Shettima Inaugurates Inter-Ministerial Committee on Research, Innovation
Says target is to build Nigeria into innovation-driven, trillion-dollar economy within 10 years Tasks committee to ensure food security, energy security to power economy as well as break nation’s dependence on imports
Deji Elumoye in Abuja
Vice President Kashim Shettima on Thursday inaugurated the InterMinisterial Committee on Research and Innovation, with a charge to its members to ensure food security in Nigeria, energy security to power the economy, and break the nation’s dependence on imports.
Shettima said the committee was part of ongoing efforts by the administration of President Bola Tinubu to pool intellectual and financial capital to “create the cockpit from which Nigeria’s innovation economy will be piloted”.
Speaking during the inauguration of the Inter-Ministerial Committee on
FG Lauds MTN Foundation’s Skills Academy for Nigerian Youth
Oghenevwede Ohwovoriole
The federal government, has lauded MTN Nigeria Foundation for launching a digital academy in addition to the various support it has given to the Nigerian society
Speaking at the official launch of the MTN Nigeria Foundation on Thursday in Abuja, both the Minister of Communications Innovation and Digital Economy, Dr. Tijani Bosun and his counterpart in the Ministry of Youth Development, Ayodele Olawande lauded the Foundation. Bosun, while applauding MTN Nigeria’s Foundation stated that the academy will help raise a new workforce.
“I commend the Foundation for
your vision, not only for launching this programme today, but also for everything you’ve done in supporting capacity development in our nation.
“The goal here is to ensure that we can actually grow and raise a new generation of technology workforce that will help drive the development of our nation, but at the same time position Nigeria to become a net exporter of technical talent.
“ It is why this programme today, of course, is extremely important to the administration and why I’ve also decided to support it.
“The the MTN Skills Academy will not only raise digital literacy, but also broaden the possibilities for youth in Nigeria. Whether it’s the opportunity that you give to these young people to launch their technology careers, or perhaps in some cases, those that
will benefit from being able to start their own technology businesses.
“And eventually also solve the challenges that we all face in the country or the world. These young Nigerians will not only uplift themselves, but also contribute to their families and their communities.” he emphasised
The Minister of Youth Development, Ayodele Olawande noted that collaboration between the public sectors and private was needed to achieve the national digital drive.
Speaking through the Deputy Director, Enterprise Development, Federal Ministry of Youth Development, Ebino Agun, he said “digital skills development has emerged as a central pillar in addressing youth unemployment and underemployment.”
Research and Innovation at State House, Abuja, Shettima pointed out that the mission was to build Nigeria into a trillion-dollar economy within 10 years.
He declared, “We are here to breathe life not into this committee, but into a bold mission: to build Nigeria into an innovation-driven, trillion-dollar economy within a decade.
“The future we desire is not something we inherit. It is something we build.”
The vice president observed that innovation was the currency of every civilisation.
He said while no society grew by staying the same, Nigeria could not hope to evolve for the better unless it invested in learning new things, compared what it had with what others nations had, and comparing where it was now with where it wanted to be.
Shettima stated, “None of this is possible without research—the mother of all the inventions that have guided
humanity through the waves of the Industrial Revolutions.
“This gathering, therefore, is a declaration of our collective resolve to till the soil, explore the seas, and scout the space of knowledge to understand the consequences of our choices. I am truly inspired by the promise of what we are setting out to achieve here.”
Shettima said the committee was to coordinate action in five strategic sectors with the power to transform society.
He listed the sectors to include, “Agriculture and Climate Resilience, where research innovation must feed our people and protect our planet; Manufacturing Excellence, where we break our dependency on imports and build proudly Nigerian supply chains; Healthcare Innovation, where we shift from importing medicines to exporting medical breakthroughs; Natural Resource Optimisation, where we stop selling raw materials and
start exporting ingenuity; and Energy Security, where we power our economy and secure our future.”
The vice president explained that a major target for setting up the committee was to reduce Nigeria’s food import bill by 50 per cent, maintaining, “In each of these areas, we will pursue missions, not just metrics.
“We will not be content with data for dashboards—we want deliverables that change lives.
“What will it take to reduce our food import bill by 50 per cent? How do we triple local pharmaceutical production? Let us align policy, research, and investment to answer these questions and achieve measurable, meaningful outcomes.”
Shettima disclosed that the committee was a prelude to a Presidential Plenary on Innovation approved by President Bola Tinubu, saying the high-level plenary, which will be held annually, will be presided by the president himself.
...Urges Stronger Synergy Among MDAs to Enhance Nigeria’s Business Environment
The Vice President, Senator Kashim Shettima, has called on Ministries, Departments, and Agencies (MDAs) of government, as well as members of the Presidential Enabling Business Environment Council (PEBEC), to deepen collaboration in order to foster a more conducive environment for doing business in the country. Speaking at the closing session of the PEBEC Retreat for heads of MDAs and MDA Reform Champions held in Abuja, Shettima emphasised that the overarching
goal is to ensure Nigeria remains a preferred destination for investors.
He stated: “This retreat was convened by the Presidential Enabling Business Environment Council (PEBEC), an institution I am privileged to chair, not just to review reform progress, but to deepen something even more critical: synergy. The business of government is too complex to be solved in silos. We cannot afford the luxury of working in isolation, while the problems we
are tasked to solve are increasingly intertwined.”
Among the attendees was the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, who commended PEBEC for organising the retreat. He noted that it provided a valuable platform for peer review and constructive engagement among federal government appointees, aimed at improving institutional performance and reform delivery.
L–R: Chairman of the Aig-Imoukhuede Foundation, Mr. Aigboje Aig-Imoukhuede;
Bosun Tijani,
in Abuja
Trump Mulls Shutdown of 27 Embassies, Consulates in Africa, Others
PwC ends operations in nine countries on the continent
Emmanuel Addeh in Abuja
The Donald Trump administration is considering plans to close 10 embassies and 17 consulates and reduce or consolidate the staff of several other foreign missions, according to an internal State Department memo viewed by The New York Times.
The closures and other reductions outlined in the document, would pare back the American presence on nearly every continent. They represent an expansion of plans the Trump administration was working on earlier this year for closing a dozen foreign missions and laying off local staff who work in those locations, the report said.
The cuts are in keeping with Trump’s plans to reduce federal spending across the government, as well
as a proposal that State Department leaders have been considering to cut nearly 50 per cent of the department’s spending.
But the new proposed reductions have raised fresh concerns that the United States will be ceding vital diplomatic space to China, including in areas of the world where Washington has a greater presence than Beijing, compromising American national security, including intelligence gathering.
Six of the embassies that the memo proposed for closure are in Africa: Central African Republic, Eritrea, Gambia, Lesotho, the Republic of Congo and South Sudan. The memo recommended transferring their functions to embassies in nearby countries.
The memo also recommended
closing two small embassies in Europe — in Luxembourg and Malta — as well as the diplomatic missions in Grenada and the Maldives, and moving their portfolios to nearby countries, too.
Most of the consulates that are recommended for closure are in Europe, and they include several tourist destinations popular with Americans.
Five of the consulates are in France — in Bordeaux, Lyon, Marseilles, Rennes and Strasbourg. Two are in Germany — in Düsseldorf and Leipzig. Another two, Mostar and Banja Luka, are in Bosnia and Herzegovina.
The memo also suggested closing consulates in Thessaloniki, Greece; Florence, Italy; Ponta Delgada, Portugal; and Edinburgh. Outside
of Europe, it recommended closing an additional four consulates, in Douala, Cameroon; Medan, Indonesia; Durban, South Africa; and Busan, South Korea.
The memo also suggested either significantly downsizing or eliminating the U.S. embassy presence in Mogadishu, Somalia, and closing the Baghdad Diplomatic Support Center in Iraq, while reducing costs at the diplomatic posts in Baghdad and Erbil, Iraq.
If enacted, the proposed cuts would mean that the United States would have less of a diplomatic presence than China in Europe, where American outposts currently outnumber Chinese ones, according to data compiled by the Lowy Institute, a foreign policy think tank in Sydney.
It would also mean that the United States would fall further
PRESIDENCY: TINUBU FULLY INVOLVED IN GOVERNANCE DESPITE FOREIGN
Deji Elumoye and Emmanuel Addeh in Abuja
Following strident criticisms of President Bola Tinubu’s absence from the country in spite of increasing domestic challenges, the presidency yesterday rose in his stout defence, saying the president has continued to carry out his official functions from Europe. While appreciating the public concern over the president’s absence from Nigeria, presidential spokesman, Bayo Onanuga, in a release disclosed that Tinubu has been in constant touch with key government officials.
According to Onanuga, the president has also been giving directives to security chiefs over emerging security threats and would resume duties at the State House, Abuja, after the Easter holiday.
Supporting the president, too, the National Leader of the Pan Yoruba socio-cultural group, Afenifere, Chief Reuben Fasoranti, yesterday, lauded Tinubu for his moves and actions aimed at improving the country. In the same vein, the Ondo State Traditional Council hasthrown its weight behind the president for a second term in office, insisting that
he was on the right path to solving Nigeria’s numerous challenges. Tinubu’s latest visit to France has stirred a storm of criticisms from opposition parties, civil society groups, and prominent Nigerians, who argued that the trip was ill-timed and showed a lack of sensitivity to the country’s worsening security and economic conditions.
Opposition parties like the Peoples Democratic Party (PDP) and the Labour Party (LP) have questioned both the intent and timing of the visit, expressing suspicion over the lack of transparency in the president’s itinerary.
TRAVELS
Former Vice-President Atiku Abubakar as well as former Governor Peter Obi, who have been vocal against Tinubu’s foreign movement, accused him of abandoning his post during a period of crisis.
On Wednesday, Atiku asked Tinubu to declare a state of emergency on his own ‘disastrous’ presidency, saying Nigeria was already in a full-blown state of emergency, even without official proclamation.
He described the president’s latest travel as another insult to a nation pushed to the brink by a presidency that treats its citizens like fools.
“What justification is there for
behind China’s presence in Africa and East Asia, where Chinese missions currently outnumber American ones.
Meanwhile, PwC shut operations in nine Sub-Saharan African countries last month, following a strategic review, the Big Four accounting firm said, in response to a media report that said the company exited over a dozen countries to avoid scandals.
PwC, which operates as a global network of locally owned partnerships, has shut operations in the Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, the Democratic Republic of Congo (DRC), Congo Republic, Republic of Guinea and Equatorial Guinea, it said in a statement published on its website, reported by Reuters.
The accounting firm directed Reuters to the statement in response to queries on a Financial Times article
gallivanting across Europe while Nigeria bleeds? What kind of leader borrows billions only to blow scarce funds on vanity trips abroad? It’s not just irresponsible— it’s contemptuous.
“By the time Tinubu struts back from this latest escapade, he will have racked up a staggering 59 days in France since assuming office. While Tinubu dines under chandeliers in the land of good governance, the country he governs is spiraling into chaos,” Atiku argued.
Obi, on his part, called on the president to suspend his ‘working visit’ to France and urgently return to Nigeria to address the deteriorating
NGF WARNS VIOLENCE WILL NEGATIVELY AFFECT PLATEAU’S AGRICULTURE, TOURISM POTENTIAL
Plateau State would negatively affect its agriculture and tourism potential.
Chairman of NGF and governor of Kwara State, Alhaji AbdulRahman AbdulRazaq, commended the security agencies for their interventions to prevent further escalation of the killings in Plateau State.
AbdulRazaq made the assertions when he led a delegation of the forum to commiserate with the government and people of Plateau State over the recent violence in the state.
He appealed for peace in the state.
The NGF delegation was received by Plateau State Governor Caleb Mutfwang.
In reaction to the mounting killings, Chief of Defence Staff (CDS), General Christopher Musa, yesterday, acknowledged that although there was a notable increase in the tempo of attacks, it did not diminish the military’s efforts in combating the scourge.
Musa charged members of the Armed Forces of Nigeria (AFN) to forge ahead, remain focused and committed always in the fight against terrorism and other emerging security threats.
Former governor of Anambra State, Mr. Peter Obi, commended northern traditional rulers for their courage and timely condemnation of the security situation in the region.
Similarly, a prominent politician from Kwara State, Dr. Gbenga Olawepo-Hashim, condemned the renewed wave of violence in Plateau, Benue and Ondo states, describing the persistent killings as a tragic reflection of Nigeria’s failing security architecture.
In a statement in Ilorin, signed by the governor’s Chief Press Secretary, Mallam Rafiu Ajakaye, AbdulRazaq warned of the negative consequences of the violence on the economy of Plateau State.
He stated, “We urge that we resolve our differences through dialogue, fair negotiations, mutual respect, and perspective taking. Sustainable development can be a mirage in an atmosphere of tension and violence. Plateau is full of potentials especially in agriculture and tourism.
“But these potentials could be affected negatively if we allow violence or threats of it to define how people see our communities.”
While commiserating with the
families of the victims, the Kwara State governor also commended the interventions of the security agencies, which prevented further escalations.
The statement quoted the NGF chairman as saying during the visit, “On behalf of the Nigeria Governors’ Forum and the people of our states, I bring you sincere words of condolences on the unfortunate events in which many of our compatriots have lost their lives.
“We call on leaders and influencers across all communities and sectors in Plateau to join His Excellency in the task of uniting the people and restoring sustainable peace. Leaders, including youth leaders, should come together to speak strongly against violence of any kind.
“We commend His Excellency, the governor for his leadership at this critical moment. Our visit is to express our solidarity with His Excellency and the government and good people of Plateau State.
“We pray to God Almighty to repose the souls of the victims and restore peace to our communities.”
On his part, Obi said he could not agree more with the northern traditional rulers over their statement that enough was enough in the killings in Plateau and Benue communities.
The presidential candidate of Labour Party (LP) in 2023, in a statement, urged the traditional rulers to work closely with the security agencies with a view to bringing to immediate end the unnecessary killings in the two states.
He stated, “I would like to sincerely thank the northern traditional rulers for their courageous and timely emergency declaration of the security situation in the region. I cannot agree more with them that enough is enough regarding the persistent killings and insecurity plaguing our nation.
‘’Their collective voice, as reported, underscores the urgent need for decisive action to protect lives and restore peace in our communities.”
Obi said the call of the northern traditional rulers should serve as a warning that, indeed, enough was enough.
He said, “I urge governments at all levels to work closely with these royal fathers who are closest to the people at the grassroots. Their commitment to addressing these challenges and
offering counsel to regional governors reflects true leadership and a deep concern for the well-being of their communities.
‘’The stance of the northern traditional rulers serves as a clarion call to all stakeholders. We must unite, irrespective of political affiliations, to implement lasting solutions that address the root causes of our nation’s challenges.
“Let us work together to build a Nigeria where every citizen feels safe, valued, and empowered.”
Olawepo-Hashim, in his own statement, questioned the continued bloodshed across the country and called for urgent reforms in Nigeria’s approach to security.
“How many more innocent lives must be lost before real and lasting solutions are implemented? When will this bloodletting stop?”
Olawepo-Hashim queried.
He accused the federal government of failing to exercise full control over the country’s security situation, while simultaneously resisting calls for the devolution of critical security responsibilities to states and local governments.
According to him, the centralised nature of Nigeria’s security structure
has become overstretched and ineffective in responding swiftly to threats at the grassroots.
Olawepo-Hashim also identified poor cooperation with neighbouring countries as a major contributor to the current insecurity, citing the free inflow of arms and bandits across the country’s borders as a lingering threat.
“Bandits and terrorists now operate with calculated ease, simply relocating from areas of intensified federal military presence to regions with low or delayed security attention,” he said.
He decried the pattern of violence shifting from North-east, to Northwest, and now North-central.
Describing the trend as an “adaptive insurgency,” Olawepo-Hashim stressed that the country must adopt a decentralised and intelligence driven security strategy that included full collaboration with sub-national governments and regional partners.
“The people deserve peace, and the time to act is now,” he concluded.
A statement by Acting Director of Defence Information, Brigadier General Tukur Gusau, said the CDS spoke, when he joined members of the armed forces to break the Christian
fast in Abuja yesterday. Musa stated that the task ahead was daunting, but called on all personnel to work together as a team for more success stories in all the theatres of operation across the country.
The CDS also asserted that President Bola Tinubu had continued to support the military by providing the necessary resources and equipment to prosecute the fight against enemies of the state.
The event, the military spokesperson said, was the initiative of the CDS for both Christian and Muslim personnel to dine together to encourage unity of purpose and a shared concept of togetherness in the Armed Forces of Nigeria (AFN).
Musa also stressed the need to sustain the initiative, as it would encourage tolerance and comradeship.
He emphasised the significance of the spiritual, health and physical benefits of fasting. According to him, fasting helps to instil discipline, endurance and closeness to God, which are essential for military regimentation. Musa appreciated the troops for their sacrifice and dedication to duty, despite the difficult challenges.
published earlier that said PwC had exited multiple countries that were deemed too small, risky or unprofitable.
The decision came due to mounting differences with local partners, who said they lost over a third of their business in recent years after pressure from PwC’s global executives to drop risky clients, the FT said, citing people familiar with the matter. The PwC statement did not give a reason for the move.
security situation, particularly in Plateau and Benue States.
“Mr President, domestic problems beckon. I am compelled at this time in our lives as a nation to call on our retreating president’s attention to the security challenges at home, which entail that he immediately suspends his ongoing retreat in a foreign land and come home to address the overwhelming security situation across the country,” Obi wrote.
Aside from the insecurity in parts of the country, especially the recent killings in Plateau and Benue States, the major backlash came against the backdrop of Nigeria’s deteriorating economic landscape in 2025, marked by high inflation, unemployment, and a fragile naira. However, reacting, the presidency maintained that there was no cause for alarm, pointing out that Tinubu has continued to perform his constitutional duties, despite being outside the country.
“President Bola Ahmed Tinubu remains fully engaged in Nigeria’s governance even though he is away in Europe. His absence remains temporary and in line with the communicated timeframe of approximately two weeks.
“The president left Paris for London at the weekend and has maintained constant communication with key government officials, overseeing critical national matters, including directives to security chiefs to address emerging threats in some parts of the country.
“His return to Abuja and the resumption of duties at Aso Villa will follow the conclusion of the Easter holiday.
“The president’s commitment to his duties remains unwavering, and his administration continues to function effectively under his leadership. We appreciate the public’s
NEW NNPCL GCEO UNVEILS AGENDA, AIMS TO ATTRACT $30BN SECTORAL INVESTMENTS BY 2027,
According to a statement by the Chief Corporate Communications Officer of NNPC, Mr. Olufemi Soneye, the GCEO equally promised to expand Nigeria’s refining output to 200,000 bpd by 2027, and 500,000 bpd by 2030.
He nevertheless vowed to grow Nigeria’s gas production to 10 billion cubic feet per day (bcf/d) by 2027, further ramp it up to 12bcf by 2030 and deepen energy access and affordability for all Nigerians.
Ojulari, whose agenda is in line with the mandate given to the newly-constituted NNPC board and management, also vowed to pursue the company’s bold ambitions and build an NNPC that will be the pride of all Nigerians.
He told the members of staff at the meeting that it was a huge honour and responsibility to lead the NNPC, describing the company as an entity that means a lot to Nigeria and its future.
“We stand at the gateway of a new era—one that demands courage,
professionalism, and a relentless drive for excellence. The task before us is great, yet the opportunity to redefine Nigeria’s energy future is even greater. Now is the time to turn our transformation promise into performance,” Ojulari told thousands of the Company’s staff.
“Unveiling his agenda, Ojulari said the NNPC Ltd under his stewardship aims to attract sectoral investments worth $30 billion by 2027 and $60 billion by 2030; raise crude oil production to over 2 million barrels per day, sustained through 2027 and attain 3 million by 2030; expand refining output to 200kbpd by 2027, and 500kbpd by 2030; grow gas production to 10bcf per day by 2027, and 12bcf by 2030 and deepen energy access and affordability for all Nigerians”, the statement said.
To achieve these targets, the statement revealed that the “company will be focusing on reconfiguring its business structure for agility and value creation; conducting independent value assessments to inform
data-driven decisions; enforcing a robust performance management framework; building transparent, value-aligned partnerships with all stakeholders and most critically, taking control of its narrative.”
While explaining the criticality of pursuing the company’s bold ambitions, the Group CEO said the targets were not just metrics, but indicators of hope, jobs, industrial growth, and energy security for millions of Nigerians.
Describing NNPC Ltd as a renewed, forward-facing, and future-ready organisation that is proudly leading Nigeria’s energy transformation, Ojulari said “it’s time we tell our story—one of innovation, reform, and national pride.”
He charged staff members to be proud of NNPC Ltd’s recent transformation, stressing that the next journey to becoming a fullyfledged limited liability company will require the collective drive towards making NNPCL more transparent, profitable and accountable.
The Group CEO pledged to give all employees the space to be able to outperform competitors.
“We will provide the best combination where the experienced and the young will both thrive towards achieving our set targets,” he assured.
He said his management will deepen collaboration with the company’s in-house and national unions to build a stronger, trust-based relationship that reflects shared purpose and mutual respect.
He also called on all members of staff to lead with integrity, act with urgency, while bringing their very best to the table.
“We recognize that our greatest asset is our people. Our success will be powered by empowered employees. As such, we are fully committed to creating a workplace where everyone is valued, motivated, and inspired to thrive. Together, we will build a high-performing, globally competitive NNPC Ltd that is proudly Nigerian and proudly world-class,” Ojulari concluded.
$60BN BY 2030
Trump
BRAZILIAN DESCENDANTS PREPARE FOR LAGOS FANTI FESTIVAL...
L–R: President of the Brazilian Descendants Association, Hon. Dr. Kola Peregrino; Consul General of Brazil in Lagos, Ambassador Manuel Innocencio de Lacerda Santos Jr.; Lagos State Commissioner for Tourism, Arts and Culture, Mrs. Toke Benson-Awoyinka; Lagos State Permanent Secretary for Tourism, Arts and Culture, Mr. Olanrewaju Bajulaiye; and Icon Geo Representative, Mr. Peter Richie, during a press conference for the forthcoming Lagos Fanti Festival, held at the Brazilian Consulate in Lagos… recently
NBA Calls for Restoration of Democracy in Rivers
As CSOs petition NASS, accuse Ibas of impunity, unconstitutional acts House member slams NBA, demands return of Fubara’s N300m gift
Blessing Ibunge in Port Harcourt
Nigerian Bar Association (NBA) has called for restoration of democracy in the administration of Rivers State.
The call came as a coalition of 35 civil society organisations (CSOS) in the state jointly petitioned the House of Representatives, decrying what they described as “severe and brazen acts of lawlessness and impunity” perpetrated by the state’s administrator, Vice Admiral Ibok-Ete Ibas (rtd).
However, a member of the House of Representatives, Hon. Solomon Bob, slammed NBA, accusing it of insincerity and hypocrisy following the association’s condemnation of the state of emergency in Rivers State.
NBA had relocated its 2025 Annual General Conference, earlier scheduled to hold in Port Harcourt, to Enugu, due to the recent declaration of emergency rule in Rivers State.
Meanwhile, in a statement signed by chairmen of eight branches of NBA in Rivers State, the association condemned the actions of the sole
administrator, accusing him of dismantling democratic institutions and disregarding the rule of law.
The body expressed concern over the indiscriminate dissolution of boards, commissions, councils, and other government institutions, and the replacement of their members without due regard to constitutional provisions.
The statement was signed by Cordelia Eke, NBA chairman (Port Harcourt Branch), Hilda DesmondIhekaire (Ahoada), Simple Dioha (Isiokpo), Abiye Abo (Degema), Dr. N. A. Duson (Bori), C.N Nwankwo (Okehi), Tamunosiki Robert (Okrika) and Ekeledinichukwu Ordu (Omoku).
According to the statement, NBA specifically condemned the appointment of administrators to head the 23 local government areas in Rivers State, citing a recent Supreme Court judgement that outlawed the appointment of caretaker committees to handle the affairs of local government councils.
The association called on the sole
administrator to desist from such undemocratic appointments and focus on his mandate of ensuring the security of federal government assets and interests, as well as maintaining stability in the state.
They further urged the sole administrator to avoid carrying out political activities that could further escalate tensions in Rivers State, emphasising that he should remain apolitical and not act as a stooge for any party in the political imbroglio.
NBA stated, “It is our view that the role of the sole administrator in the circumstance does not cover or extend to the steps already taken by the sole administrator in dismantling already established democratic institutions of the state which include boards, agencies, councils, commissions and parastatals, etc, and appointing replacements for the persons removed from the offices, which has been done by the sole administrator in gross violations of the laid down procedures for the removal and appointment of
such officers of the boards, agencies, councils, commissions and parastatals, etc. in the state.
“The mandate of the sole administrator in our view also does not extend to the preparation or presentation of any budget, especially for infrastructural development in the state; and certainly does not cover for the appointment of administrators for the 23 local government areas in the state, in further violation of the Constitution of the Federal Republic of Nigeria and the Judgements of the courts that local government councils cannot be headed by appointed administrators but by duly elected chairmen!”
NBA also condemned the harassment, intimidation, and assault of peaceful protesters and journalists by officers of the Nigeria Police, stating that such actions violate constitutional rights to peaceful assembly and freedom of expression.
NBA offered the services of its Human Rights Committees to pursue legal claims of victims of police action
Oborevwori Assures Oil & Gas Companies of Safe Operational Environment, Protection of Investment
Delta State Governor, Hon. Sheriff Oborevwori, yesterday assured oil and gas companies in the state of a safe operational environment that would protect their investments.
Oborevwori gave the assurance while playing host to top management staff of Renaissance Africa Energy Company, buyer of SPDC’s shares in NNPC/SPDC/TOTAL/ AGIP Joint Ventures, who paid him a courtesy visit at Government House, Asaba.
The governor, who noted that crude oil was the mainstay of the nation’s economy, harped on the need for a strong and sustainable partnership that delivers values to all stakeholders.
He called on oil companies operating in the state to institutionalise mutually-beneficial relationship with their host communities by carrying them along so as to inspire the much needed trust and confidence that would enhance their operations.
He said: “The Chairman and the MD are people that have worked in this environment. They have been with Shell; so, they know the workings and all that.
“And, in my relationship with Shell, I was the youngest Community Chairman working with Shell in the whole of western division when I was Osubi Community Chairman. We used to do this People’s Parliament and go for oil seminar with very top leaders in
the region.
“So, I got a lot of experience with my relationship with them. I believe more in dialogue than confrontation. And, with you at the top in this company, I believe that you will do well.
“I want to assure you people that your operations here is safe. Delta State is one of the most peaceful states today in the South-south. So, your investment is very safe here.
“Our major stay in this country is oil. So, there must be a relationship with the host community. Once you have a good relationship with them and they are carried along, you don’t have a problem.”
While insisting that security does not play with security, he said; “all our oil facilities are safe and since I came in, there has not been any record of attack on oil facilities.
“Today, we are the highest oilproducing state and I pray we will continue to be number one. So, let us build strong a partnership that delivers value to all the stakeholders.
“The state will support you to succeed because, as you do, we will also succeed as we also get our taxes from there. I assure you of the total support of the government.”
Earlier, Chairman of the company, Dr. Layi Fatoma, who thanked the governor for granting them audience, said they were in Government House to formally introduce the management of the company to
him (Governor Oborevwori), just as he thanked him for the support that he had given to Shell.
Also speaking, the Managing Director/Chief Executive Officer (MD/CEO) of the company, Mr. Tony Attah, said the vision of the company was to start from the Niger Delta with a view to
promoting energy security in Nigeria, adding that the company had an African ambition
“We want to take over Africa as it concerns energy and it is very important that we start from home. This is one of the reasons that we have to come back to base and start to connect with you.
and called on the Nigeria Police and other security agencies to concentrate on maintaining peace and security in the state rather than aggravating tensions.
The association appealed to President Bola Tinubu and the leadership of the National Assembly to take necessary steps to rein in the sole administrator and ensure he kept within his mandate.
They added that the Peace or Reconciliation Committee of the National Assembly should intervene in the crisis and facilitate reconciliation and peace-building in Rivers State.
Meanwhile, a coalition of 35 civil society groups accused Ibas of impunity and unconstitutional acts in the state.
In the statement signed by Enefaa Georgewill (Rivers State Civil Society Organisations), Marvin Yobana (Citizens Quest for Truth Initiative), Mike Daka (Foundation for Leadership and Youth Initiative) and 32 others, the CSOs demanded that the National Assembly should immediately call Ibas to order and investigate the legality of his actions.
In the letter, titled, “Severe and Brazen Acts of Lawlessness and Impunity Being Carried Out by the Administrator of Rivers State, Vice Admiral Ibok Ete-Ibas, and the Need to Nip them in the Bud in the Interest of Mutual Peace and Constitutionalism,” the groups urged Chairman of the Ad Hoc Committee on Rivers State oversight to take immediate action to halt what they described as a “drift towards authoritarianism”.
The document accused the state administrator of undermining constitutional governance.
It stated, “The conduct of Vice
Admiral Ibok-Ete Ibas is not only reckless and unconstitutional but also a slap in the face of democratic values. His actions have continued to aggravate political instability and institutional breakdown in Rivers State.”
The coalition also called on the National Assembly to, “Ensure that democratic institutions in Rivers State, particularly the legislature, are allowed to function.
“Direct security agencies to cease illegal occupation of the Rivers State House of Assembly Complex.”
They warned that if left unchecked, the continued disruption of civil authority could incite public unrest and erode trust in Nigeria’s democratic framework.
The coalition emphasised that Rivers State was not a military cantonment and “no one man, however connected, should be allowed to operate outside the constitution.
“This is a democracy. Rivers people deserve peace, order, and functional institutions, not autocracy dressed in federal camouflage.”
Nevertheless, Bob alleged that NBA’s statement on the Rivers situation carefully concealed its pecuniary interest and only belatedly admitted receiving a huge advance payment from Fubara after the authorities in Port Harcourt exposed the deal by publicly demanding a refund of the money.
The lawmaker added that NBA’s grudging claim that the sum of N300 million was a gift was unreasonable and unbecoming of a “self-appointed ombudsman,” and proof that they were engaged in a relationship of compromise with Fubara.
NRC MD: Enugu-PH Railway Project Top Priority for FG
Commends Mbah’s transformation efforts
The newly appointed Managing Director (MD) of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has said the Enugu-Port Harcourt railway project is already receiving attention as one of the top priority projects of the federal government.
While assuring that the project had been getting a fair share of the national budget, the MD commended Governor Peter Mbah of Enugu State for his transformational initiatives, saying the governor’s investment in infrastructure was already rubbing off on the people’s standard of living.
Dr. Opeifa, who stated these when he led a delegation of senior management team of the NRC on a working visit to the Government House, Enugu, on Thursday, explained that he was
in the state to reaffirm Management’s commitment to fostering cooperation with the state government in areas of mutual interest.
He pledged continuous synergy with the state to revamp the Port Harcourt-Aba-Enugu rail line on the Eastern Corridor since there were increasing demands for it by the people, who were mostly into business and trading.
“The whole essence of this visit is to deepen our relationship and collaboration with the state government under the administration of Governor Peter Mbah. I also want you to know that the Nigerian Railway Corporation and the Enugu City shared a common history,” he added.
He further said that Enugu under Mbah was doing what the Corporation was watching out for in
terms of the enabling infrastructure such as the transport terminals that the Corporation was poised to take advantage of.
“Enugu State is doing what the Nigerian Railway is looking forth to. The building of road transport terminals by the administration is what we are trying to take advantage of in our railway corridors. I came to discuss about it. The discussion has been on. So, I only came to affirm it.
“I have eyes, I can see. I have ears, I can hear. So, when I entered this city, I see myself the difference this administration is making. I can hear from those who live here for longer.
“Seriously speaking, this is a different kind of government. He is a business man. He knows what he wants and he doesn’t see obstacles
or challenges. He just faces what he wants to do and that is why you can see him achieving all these.
“Meanwhile, he told me that what we call much is actually that little, saying that many, many more will come and I believe him,” Opeifa noted.
According to him, President Bola Tinubu had already issued a directive to the Corporation to fashion out mutual relationship with the state and work out initiatives that would engender a seamless transportation for economic prosperity.
While enjoining the state to take advantage of the Eastern Line, once completed, the MD further appealed to the governor to strengthen security around their assets, which had come under vandalism by notorious scraps dealers.
POLITICS
Acting
Keyamo Breaks 19 Year-old Jinx, Signs West-Africa-Caribbean BASA Deal
Emameh Gabriel writes on how Aviation and Aerospace Development Minister, Festus Keyamo, breaks 19 year-old jinx, signs historic West Africa-Caribbean Bilateral Air Services Agreement deal to boost travel, trade, and diaspora ties.
The ink had barely dried on the documents when the significance of the moment became clearer. It was a landmark shift in Afro-Caribbean aviation history that took place earlier this week in the VIP lounge of Piarco International Airport- the signing of the Bilateral Air Services Agreement (BASA) between Nigeria and Trinidad and Tobago. This was no mere diplomatic formality; it marked the culmination of 19 years of stalled effort, now revived with a bold promise of progress.
Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), announced the historic agreement on Monday, following its signing alongside Trinidad and Tobago’s Minister of Works and Transport, Rohan Sinanan. The foundation for this deal was first laid in 2005, under President Olusegun Obasanjo’s administration, yet for years, the agreement languished in bureaucratic inertia.
Now, with Keyamo as Nigeria’s aviation Minister, the BASA has finally been ratified, injecting new energy into a framework set to transform travel between West Africa and the Caribbean.
The agreement is far more than a mere diplomatic formality- it is a strategic masterstroke that will dismantle barriers to air travel, stimulate tourism, and catalyse trade between Nigeria and Trinidad and Tobago. More significantly, it offers Nigerian travellers a streamlined gateway to North America, with Trinidad and Tobago serving as a strategic transit hub for flights to the United States.
This BASA adds to Nigeria’s growing list of strategic international aviation agreements and reinforces the President Bola Tinubu administration’s commitment to improving air connectivity, promoting regional integration, and strengthening diplomatic relations through aviation diplomacy.
“Today’s signing not only fulfills a longstanding bilateral vision initiated during President Obasanjo’s time but also represents our commitment to expanding Nigeria’s global aviation footprint. This agreement will enhance trade, tourism, cultural exchange, and connectivity between Nigeria and the Caribbean region”, said Keyamo, who was accompanied by top officials from the Ministry of Aviation and Aerospace Development.
The agreement grants designated airlines from both nations the rights to operate passenger and cargo services, forge commercial partnerships, and access each other’s territories under mutually agreed terms. This landmark deal is poised to substantially enhance economic collaboration and foster deeper people-to-people connections.
Trinidad and Tobago’s Minister of Works and Transport, Rohan Sinanan, expressed optimism about the potential of the agreement as it would bolster cooperation and unlock new aviation opportunities for carriers in the Caribbean and Africa.
For Nigeria, the agreement marks another milestone in expanding portfolio of strategic international aviation accords. It further underscores President Tinubu administration’s dedication to advancing air connectivity, driving regional integration, and leveraging aviation diplomacy to strengthen global ties.
Keyamo, has by this diplomatic act, binded two nations not merely through policy but through the far more potent alchemy of shared destiny.
The implications of the agreement are enormous. For Nigeria, a nation whose diaspora is both vast and dynamic, enhanced air links with the Caribbean unlock a corridor of opportunity. Afro-Caribbean nations have long shared historical and cultural ties with Nigeria, from the echoes of Yoruba traditions in Trinidad’s festivals to the linguistic and culinary threads that bind the regions.
The pact will not only facilitate easier movement for business and leisure but also rekindle ancestral connections that have endured across centuries.
Tourism stands to gain immensely. Trinidad
and Tobago, with its pristine beaches, vibrant Carnival, and rich Afro-Caribbean heritage, is an alluring destination for Nigerian travellers seeking new horizons. Conversely, Nigeria’s bustling cities, burgeoning creative industries,
and historical landmarks, from the ancient Benin Kingdom to Lagos’s pulsating arts scene, present an irresistible draw for Caribbean visitors. The increased footfall will invigorate both economies, fostering job creation and cross-border investment.
Perhaps the most immediate boom for Nigerian travellers is the facilitation of smoother transit routes to the United States. With direct flights still limited between Nigeria and major U.S. hubs, Trinidad and Tobago’s well-connected aviation infrastructure offers a viable alternative. Passengers can now bypass the traditional European or Middle Eastern stopovers, opting instead for a more direct AfroCaribbean route, a logistical advantage that reduces travel time and enhances convenience.
This strategic positioning aligns seamlessly with the Minister’s broader agenda to reposition Nigeria as a dominant player in global aviation industry. He is forging robust bilateral ties for Nigeria, not only to expand its aeropolitical influence but also to strengthen its role as a linchpin in South-South cooperation.
The reactivation of this agreement owes much to the diplomatic persistence exhibited in February 2024, when the Trinidad and Tobago Ambassador paid a visit to the Minister, reigniting discussions that had stalled for years. That meeting set the stage for the historic signing. With the BASA now ratified, attention now turns to implementation. The potential for code-sharing agreements, joint ventures, and increased flight frequencies looms large, each a stepping stone toward a more interconnected Afro-Caribbean aviation network.
For travellers, the benefits are clear: more options, shorter journeys, and a seamless bridge between two regions with shared heritage and boundless potential. For Nigeria’s aviation sector, this agreement is yet another feather in the cap of an administration determined to elevate the country’s global standing with Keyamo in charge.
-Gabriel, media aide to Aviation Minister, writes from Abuja
Olawepo-Hashim Condemns Killings in Plateau, Benue
Ex-spokesperson of the Peoples Democratic Party, Gbenga Olawepo-Hashim, has flayed incessant killings in some parts of the country with a call on the federal government to take decisive steps towards stopping the carnage.
Political activist and businessman, Mr Gbenga Olawepo-Hashim, has condemned the renewed wave of violence in Plateau and Benue States, describing the persistent killings as a tragic reflection of Nigeria’s failing security architecture.
In a statement released in Abuja, the former presidential candidate questioned the continued bloodshed across the country and called for urgent reforms in Nigeria’s approach to security.
“How many more innocent lives must be lost before real and lasting solutions are implemented? When will this bloodletting stop?” Olawepo-Hashim asked.
He accused the Federal Government of failing to exercise full control over the nation’s security situation, while simultaneously resisting calls for the devolution of critical security responsibilities to State and Local Governments.
According to him, the centralised nature of Nigeria’s security structure has become overstretched and ineffective in responding swiftly to threats at the grassroots.
Olawepo-Hashim also identified poor cooperation with neighbouring countries
as a major contributor to the current insecurity, citing the free inflow of arms and bandits across the country’s borders as a lingering threat.
“Bandits and terrorists now operate with calculated ease, simply relocating from areas of intensified Federal Military presence to regions with low or delayed security attention,” he said, noting a pat -
tern of violence shifting from the North East, to the North West, and now to the North Central.
Describing the trend as an “adaptive insurgency,” Olawepo-Hashim stressed that the nation must adopt a decentralised and intelligence driven security strategy that includes full collaboration with subnational governments and regional partners.
“The people deserve peace, and the time to act is now,” he said.
He warned that what is happening in Nigeria is far more complex than isolated communal disputes.
His words: “What is going on in Nigeria are not isolated communal disputes but coordinated rural and semi-urban guerrilla warfare by a motley alliance of forces of terror and banditry that have chosen the entire Northern Nigeria as their theatre of operation”
Olawepo-Hashim also condoled the families of the victims who lost their lives saying “our heart goes to the families and communities who lost their loved ones and those who are wounded, we pray for strength for them and speedy recovery”.
RATES AS AT APRIL 17,2025
How Nigerian Airlines Lost 22 Aircraft to Overseas Maintenance Facilities Due to FX Scarcity
Chinedu Eze
It has emerged that over 22 aircraft owned by Nigerian airlines cannot return to the country because they have allegedly accrued demurrage and charges that have gone beyond the capacity of the airlines to pay for them, except government intervenes.
It was learnt that the airlines could not bring back their aircraft after maintenance because of the non-availability of foreign exchange at the time they were sent for maintenance.
According to competent industry sources, over two years ago under the administration of President Muhammadu Buhari, Air Peace bided for $14 million dollars to return 15 of its aircraft that were ferried overseas for maintenance after it borrowed money from Nigerian banks at 35 per cent interest rate.
Till date, the money was not
paid and 15 aircraft of its aircraft at various maintenance facilities overseas would have returned to the country because maintenance cost was paid.
Also, Arik Air has about six of its aircraft still in maintenance facilities overseas, which may never return back to Nigeria due to costs.
United Nigeria Airlines also bided for foreign exchange at the time Air Peace did and indications show that the airline was also not paid and it has about two or more aircraft at maintenance facilities overseas.
Industry experts say that one of the major challenges Nigerian airlines are facing today is inadequate capacity due to non-availability of seats to meet the demands for domestic flight operations, a situation that has given rise to high demand and subsequently high cost of flight tickets.
Managing Director and CEO
of Aero Contractors, Captain Ado Sanusi, expressed doubt that the aircraft will be returned because according to him, it has been long that checks were conducted and completed and the services were not paid for.
“Because the money was not made available to the airlines then, I doubt if they will be able to get the aircraft back. I can imagine how much parking alone would have accumulated on those aircraft. So, the facilities will sell them to recover their money. That is probably what will happen, because I can imagine the parking that would have accumulated over the period of years,” he said.
Since those aircraft were not returned because their services were not paid for due to the money held back at the Central Bank of Nigeria (CBN), Nigerian airlines had resorted to leasing and engage in wet leasing
because of the blacklisting of the Nigerian carriers, which limited them to the costly wet leasing that goes with cockpit, cabin crew and maintenance and insurance. However, due to the diligent work done by the Minister of Aviation and Aerospace development, the blacklisted was removed late last year.
Also, since the airlines could not bring their aircraft to join the fleet, operating aircraft fleet in schedule commercial services has reduced to less than 35, which spurs the high cost of fares and also reduced the number of destinations Nigerian airlines fly to.
Sanusi said that Nigerian airlines and Nigerian government are losing a lot of money because airlines can only do wet leasing (Aircraft, Crew, Maintenance and Insurance (ACMI).
Under such arrangement so much foreign exchange is taken out of the country and even the airlines are
not making much money.
“And that is why the airlines are doing ACMIs. You see a lot of foreign aircraft, foreign crew flying in the country. It is not good for our economy. It is not good for the country. That is wet leasing. I think government should have a deliberate policy in ensuring that a leasing company is domesticated in the country, either through Ministry of Finance or through any of the Ministry’s operations. The company should be incorporated under the supervision of the Ministry. This is to ensure that they are done. They can do it with international banks. They can do it with international financiers, international leasing companies, collaborate with Ministry of Finance and bring in aircraft,”
Sanusi advised.
He said that for the aviation industry to move forward, government has to get involved
one way or another, noting that it is through government’s intervention that the industry can have a focus and move forward. To put an end to the paucity of operating equipment in Nigeria, Sanusi said government should support and participate in the funding of a leasing company in order to reduce the current capital flight from Nigeria. Sanusi also noted that without government support or intervening in some ways, the aviation industry anywhere would find it difficult to move forward because the sector is the catalyst of any nation’s economy and therefore cannot be side-lined by government.
According to him, Ethiopian government intervenes in aviation by giving full support to Ethiopian Airlines; the US intervenes by supporting airlines, as it extended credit facility to the country’s airlines after Covid-19.
NIMASA Showcases Maritime Opportunities, Woo Investors at Enugu Trade Fair
The Nigerian Maritime Administration and Safety Agency, NIMASA has called on private individuals and corporate investors to seize emerging opportunities within Nigeria’s Blue Economy, particularly in the maritime sector.
The Director General of NIMASA, Dr. Dayo Mobereola made the call at the ongoing 36th Enugu International Trade Fair. Mobereola who was represented by the Deputy Director in the Planning Research and Data Management Service Department of NIMASA, Mr. Umar Mohammed highlighted NIMASA’s commitment to implementing the Renewed
Hope Agenda of the Federal Government, while also emphasising the need for inclusive economic growth through indigenous participation in domestic and international shipping.
“To unlock the full potential of our maritime economy, NIMASA is pursuing an integrated development strategy that will
support indigenous operators in ship acquisition, establish a National Carrier Line, and create maritime training institutions for world-class seafarers,” he stated.
He noted that the agency is also implementing a Public Sector Cargo Support Programme aimed at creating a captive freight market for local carriers and reducing the dominance of foreign shipping
lines in Nigeria’s seaborne trade. Accordingly, he said the agency’s strategic initiatives are being driven through public-private partnerships to ensure sustainability and long-term impact. “Therefore, we are inviting investors and entrepreneurs to collaborate with us in developing a robust and competitive maritime sector that will create jobs and boost the national economy,” he added. He used the opportunity to express appreciation to the Governor of Enugu State, Dr. Peter Ndubuisi Mbah, and the leadership of the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) for hosting the trade fair, which he described as a vital platform for business networking and investment drive.
Eromosele Abiodun
Comeback Blueprint: Inside Wema Bank’s Journey to Digital Dominance
Oluchi Chibuzor posits that Wema stands tall as the pioneer of Africa’s first fully digital bank, a consistent industry performer, and a case study of how resilience, reinvention, and leadership can turn legacy into relevance
Few comeback stories in Nigerian banking are as compelling as Wema Bank’s. Once written off as a relic of the past, the 80-yearold institution has defied the odds. It has transformed from a financially distressed, perception-weary bank into one of the country’s most innovative financial brands. Today, Wema stands tall as the pioneer of Africa’s first fully digital bank, a consistent industry performer, and a case study of how resilience, reinvention, and leadership can turn legacy into relevance.
But the road to reinvention was far from smooth. The early 2000s had left Wema on the brink. The bank had a ton of debt, with a fractured internal culture, a fading customer base, and a reputation as “an old people’s bank.” It would take bold vision and even bolder execution to revive it. That task fell to Segun Oloketuyi, appointed in 2009 with a mandate to do more than steady the ship. He had to rebuild it.
When Segun Oloketuyi stepped into Wema Bank in June 2009 as Managing Director and Chief Executive Officer, what he met wasn’t exactly a bank, not in the true sense of the word. “We had a name and a platform,” he recalled in a recent interview, “but we didn’t have capital, we didn’t have liquidity, and we couldn’t meet customers’ withdrawal needs. In reality, we didn’t have a bank.”
The management accounts told the story in stark figures: N66 billion negative capital and a N37 billion overdrawn account with the Central Bank of Nigeria (CBN). “That’s about N113 billion we needed to deal with. We had no capital and very little confidence left in the system,” Oloketuyi said. “It was a bank buried in debt, with customers losing trust and employees updating their CVs daily.” And yet, nearly a decade later, when he bowed out in 2018, Wema Bank had not only returned to profitability, it had become Nigeria’s first fully digital bank. A brand that once seemed trapped in the past is now shaping the future.
Oloketuyi’s vision was driven by what he described as a three-phase - later four-pronged transformation plan: stabilize the bank, restructure it, prepare it for growth, and go for growth. “Stability was non-negotiable. Without liquidity, you don’t have a bank. Without customer trust, you don’t have a business,” he explained. “We needed to stop the bleeding, build capital, and show customers they could rely on us again.”
Part of this included making difficult but necessary decisions about talent. “We inherited a workforce that wasn’t aligned with the urgency or the vision,” he shared. “We did a full review, and some people had to leave while we had to hire more aligned hands. It was painful, but we did it with professionalism. And we ensured everyone who left got what they were due as severance package.”
Alongside internal realignments came strategic recalibration. It wasn’t enough to fix culture and cut costs - Wema needed to reexamine its entire structure and operating model. The leadership team had to confront difficult questions about where the bank was overextended, what parts of the business were viable, and how to focus energy and capital where it mattered most. It was a period of honest introspection; we set aside sentiment in favor of strategic clarity.
Oloketuyi shared, “We looked at our national footprint and asked ourselves - do we really have a national bank, or are we just carrying a national license?” After rigorous analysis, the team boldly decided to downgrade to a regional license. It significantly reduced the bank’s capital requirement. “Our thinking was: be a bank first. Chase size and license later,” he said.
Instead of seeking salvation from external investors who had long lost interest, Oloketuyi looked inward. “I told my team: without
“Under successive leadership, Wema has deepened its digital offerings, transformed its operational model, doubled inclusion and sustainability, and scaled its national footprint. Initiatives like Coophub, a digital platform that helps cooperative societies manage their money, records, and members easily and securely online and the FGN-ALAT Digital Skillnovation Programme, which targets over two million youth, and the bank’s renewed SME focus have brought financial services to formerly excluded communities and entrepreneurs.”
stepping out of this building, we have what it takes to rescue the bank.” At the time, several billions sat in the books as provisional loans. The recovery strategy was simple but effective: “If we could retrieve just 70–80 per cent of that, we’d have capital and liquidity again.”
Oloketuyi formed a recovery team, and within months, the tide began to turn. By the end of 2009, the negative capital had dropped from N66 billion to N45 billion. When the Asset Management Corporation of Nigeria (AMCON) launched in 2010, Wema was among the first to knock on its doors. “We packaged our loans, sold what we could, and got the liquidity we needed to breathe again,” he added.
The turnaround wasn’t just technical; it was cultural. Beyond repairing the balance sheet, the real challenge was reviving confidence within the organization and among its customers. Years of financial instability had eroded morale and trust. For the transformation to stick, people needed to believe again - in leadership, the vision, and the brand. “You can’t restructure an institution without rebuilding belief. We didn’t just want to fix numbers; we wanted to restore identity,” he added.
By 2015, Wema Bank had regained its national license, a critical step forward. The financials were improving, and structural reforms were in place. But Oloketuyi understood that operational progress alone wasn’t enough. The brand still carried baggage. Customers, especially younger ones, hadn’t yet connected with the “new Wema.” The image was outdated, and the perception was stubborn. Oloketuyi shared, “We rebranded, redesigned our logo, upgraded branches, and installed ATMs, but we still weren’t attracting the kind of customers we needed. In people’s minds, Wema was still an old people’s bank.”
So he and his team turned to innovation, not just as a gimmick, but as a strategy. “I was coming from a bank where technology worked. So we said: how can we become a bank of the future?” Wema conducted nationwide focus groups to understand what young Nigerians truly wanted. The insight was clear: “They wanted a bank in their hands. No branches. No queues. Just convenience.” That insight birthed ALAT, Nigeria’s first fully digital bank, in 2017. It stunned the industry. “No one expected something so radical to come from Wema Bank. But we proved that legacy doesn’t mean complacency. It can mean reinvention.”
When Oloketuyi retired in September 2018, he did so with peace of mind. “I had nothing more to add. We had laid the foundation. It was time to hand it over,” he said. And what a foundation it was.
Today, as Wema celebrates its 80th anniversary, the seeds he planted have blossomed into a dynamic, tech-forward bank with record-breaking growth. In 2024, the bank recorded N433.43
billion in gross earnings and N102.5 billion in profit before tax — its highest ever. “I look at the numbers now, and I’m blown away,” Oloketuyi said. “The growth is geometric. But it makes me happy that it’s not just one man’s story. It’s a story of teams, belief, and a shared mission.” He credited the smooth handover to leaders like Ademola Adebise and Moruf Oseni, who carried the vision forward. “You can only do so much on your own. But when you build something people believe in, it continues long after you’re gone.”
Since his exit, the bank has expanded on the momentum Oloketuyi built. Under successive leadership, Wema has deepened its digital offerings, transformed its operational model, doubled inclusion and sustainability, and scaled its national footprint. Initiatives like Coophub, a digital platform that helps cooperative societies manage their money, records, and members easily and securely online and the FGN-ALAT Digital Skillnovation Programme, which targets over two million youth, and the bank’s renewed SME focus have brought financial services to formerly excluded communities and entrepreneurs. ALAT continues to evolve as a market leader in digital banking, and has received a companion in ALAT Xplore, a fully digital bank tailored to teenagers and young adults, helping them build healthy financial habits. Its other initiative, Sara by Wema, a gender-focused financial inclusion platform, provide tailored support for women across personal and business finance.
The bank’s internal culture, anchored on performance, innovation, and empathy, has earned it “Best Place to Work in Nigeria” accolades in both 2023 and 2024. The numbers don’t just impress; they inspire. Customer deposits have soared past N2.5 trillion. Total assets have grown by over 60% in just one year. Wema is no longer playing catch-up; it is setting the pace.
Oloketuyi believes that Wema’s future is rooted in its ability to stay curious and humble and continue building around people - the same philosophy that guided its revival. “Our forefathers gave us this platform. From the days of Chief Okupe in 1945 till now, Wema Bank has always been a place of possibility. A place where people come to express themselves, grow, and lead.”
Oloketuyi emphasizes that maintaining this vision requires a relentless focus on innovation and customer-centric solutions, ensuring the bank remains adaptable in a rapidly evolving financial landscape. By fostering continuous learning and collaboration as a culture, Wema can uphold its legacy while pioneering new opportunities for growth and impact.
As the bank marks its 80th year, he offers a simple but powerful wish: “I want Wema to become that institution again - the one that people turn to, not just for cash, but for leadership, innovation, and trust. We lost it once, but thank God, we’ve regained it.”
Jimoh Ibrahim to Speak at Cambridge Africa Business Conference
Senator representing Ondo South Senatorial District and Chairman Chief Executive Officer of Global Fleet Group, a diversified conglomerate based in Nigeria, Jimoh Ibrahim has been named among keynote speakers for the upcoming Cambridge Africa Business Conference (CABC).
The conference, which will be held at the Cambridge Jude Business School on May 17, 2025, will feature global business leaders and technocrats.
According to the organisers, since 2012, CABC has been the gathering place for Africa’s boldest thinkers, industry disruptors, and global power players.
“The Black Continent will be defined not by the challenges it faces, but by the ingenuity, resilience, and ambition of those shaping its future. This year’s speakers are true powerhouses; leaders who have built
(and currently building) the rails the continent depends on. We’ve pulled together a group of people shaping what business from—and for—Africa will look like. Africa is at an inflection point. It’s emerging as a global hub for innovation, investment, and influence, but still facing structural barriers that limit its full potential,” the organisers said. They added, “This year’s theme, “Africa Tomorrow: Driving Innovation, Growth, and Global
Influence,” is all about what’s next—how we push boundaries, scale solutions, and shape Africa’s role on the world stage. If you’re serious about the future of business in Africa, this is where you need to be.”
Ibrahim studied law at Obafemi Awolowo University in Ile Ife, Osun State, Nigeria, graduating with the degree of Bachelor of Laws (LLB). Subsequently, he obtained the degree of Master of Public Administration (MPA), also from Obafemi Awolowo University. Later, he attended Harvard University in Cambridge, Massachusetts, USA, graduating with a combined Master of Laws (LLM) and Master’s In International Taxation degree. His investments include the following sectors, among others: oil & gas distribution, hotels, resorts, airlines, banking, real estate, insurance, publishing and investments.
AIR WATCH
Chinedu Eze
Last week, Nigeria Aviation Awards (NIGAV) doled out awards to deserving organisations and individuals who have shown some levels of excellence in what they do. The event, which was held at the NIGAV facility at the Murtala Muhammed Airport, Lagos, witnessed a large turnout of dignitaries from the industry and beyond.
It was the 14th edition of the awards aimed at recognising and rewarding excellence in all spheres of the sector. Declaring the event open, the Minister of Aviation and Aerospace Development, Festus Keyamo, described the programme as one that has “become an industry tool for promoting best practices, positive competition, unifying all the sectors and projecting Nigeria’s aviation image.”
The theme of this year’s event was, “Foundation for Accelerated Aviation Growth.”
also been informed that the NIGAV award includes a cabin crew contest for an inflight experience that will lead to crowing the winners as King and Queen of the Air. The programme is unique to Nigeria and promotes the unification of the airlines, which the Ministry finds very innovative and commendable.
“The Corporate Social Responsibility (CSR) programme of the King and Queen of the air is noble and will be supported by my administration to promote harmony and social integration. This administration believes that Industry growth and sustainability are anchored on the excellent performance of every team member of the sector and we shall encourage the promotion of excellence strengthen our regulation and oversight of the industry by giving the Civil Aviation Authority the best support the industry has ever seen,” Keyamo said.
Stories by Chinedu Eze
President of the National Association of Nigerian Travel Agencies (NANTA), Mr. Yinka Folami, has commended Emirates Airlines for its successful operations to Nigeria since it resumed flight from Dubai to Lagos last year.
Folami who is also the Chief Executive Officer of Travel and Logistics Centre Limited, said for Emirates to take advantage of the increasing number of Nigerians that would want to fly with the airline, the United Arab Emirates (UAE) should be more flexible with its visa
Air Peace has elevated two of its accomplished Senior First Officers (SFOs)—Obinna Okeke and Adedamola Adeoye, to the rank of Captain on its Boeing 737 fleet.
The milestone ceremony took place at the airline’s corporate headquarters in Lagos and was graced by its Chairman and CEO, Dr. Allen Ifechukwu Onyema; the Chief Operating Officer, Mrs. Oluwatoyin Olajide; the Director of
Air Peace has brought to limelight the inspiring story of Gold Chinyere Ike, the first woman in Umuerim Umukparo in Mbala, Umunneochi LGA, Abia State to board an aeroplane.
Her maiden flight with Air Peace has since captivated hearts across social media, becoming a symbol of
conditions so that more Nigerians can fly with the airline to Dubai and other parts of the world.
“Emirates has always been an airline that is high on customer service, it has always been an airline that is loved by Nigerians, particularly those who travel to Dubai, which is also loved by Nigerians.
“Unfortunately, there is a visa regime now which is a bit restrictive, but on the pattern of demand, you know that Nigerians like to visit Dubai. So, Emirates’ successful re-entry into the market is not a surprise. Because it is an airline
Flight Operations, Capt. Augustin Kamano; Embraer E195-E2 Captain, Callistus Ifeanyi; and family members of the newly minted Captains attended the event.
Captain Kamano set the tone for the event with an inspiring recount of the officers’ journeys, emphasising their dedication, exceptional performance, and the rigorous training they undertook to qualify for the Captaincy.
that has always been loved by Nigerians, and has always been high on customer service,” he said.
The NANTA President explained that there are Nigerians whose reputation is not in doubt, who have visas from well-known countries and who have good record in the many years they have travelled and therefore urged UAE authorities to consider relaxing the visa conditions to recognise these kinds of applicants and not to subject everyone to the current stringent conditions.
However, Folami admitted that UAE is becoming more flexible with the visa regime.
He noted that both pilots had logged over 4,000 hours on the Boeing 737, a clear indication of their experience, technical skill, and readiness for this significant leap.
In his congratulatory address, Onyema praised the captains for reaching this major career milestone and commended their trainers for the crucial role they played in shaping disciplined and safety-conscious aviators.
how access to air travel can inspire dreams and open doors.
A graduate of Nursing from Abia State University and an entrepreneurial farmer, Chinyere captured hearts across Nigeria when she took to social media in late March 2025 to chronicle her very first flight experience. Her heartfelt post, quickly went viral, drawing attention to her humble background and the profound significance of a moment many take for granted.
“When we were on air, I could see the sky differently,” she recalled.
According to her, “Down here, we look up to the sky. But when you’re flying, it’s almost like the sky is beneath you. I couldn’t stop thinking about how such a heavy plane could stay up there.”
Touched by her story, the Air Peace Corporate Communications team journeyed to Mbala to meet her in person. The team was met with a jubilant welcome—drums beating, the Egede dance troupe in full display, and townspeople flooding the dusty roads in awe and gratitude.
While commending the organiser of the programme, Mr. Fortune Idu, for consistency and drive to promote excellence in the sector, Keyamo observed that the program has created a yearly opportunity to review the industry’s collective performance, address the gaps and prepare the industry for continued growth.
“Today, we are here to reward the performance for the year 2024. From the highest-ranking staff of the Ministry to the most junior officers in the various sub-units of the aviation industry; airports, airlines, airspace, weather, aviation training, insurance, contractors, consultants, etc., your contribution to safer all transportation cannot be ignored, and I want to sincerely appreciate your hand work and patriotism.
“I have been informed that over 60 organisations and individuals will receive awards in various industry categories: airlines, airports, Service providers, etc. I have
The Minister highlighted the importance of aviation to the nation’s economy, adding that the ministry has begun to empower the industry by investing heavily in infrastructure.
“There is also an ongoing repositioning of the airport subsector to be more efficient and to serve as strong bedrock for industry stability. Aviation is one of the fastest growing sectors in Nigeria, and it is the primary catalyst for speedy economic transformation. It not only builds the bridge for national social and economic inclusion but also plays a significant role in regional trade integration and serves as the main gateway for global trade. Aviation is key for the African Continental Free Trade Area initiative, where Nigeria is expected to lead.
Ebere Nwoji (Insurance)
Reporter Peter Uzoho (Energy)
As businesses struggle to survive amid growing uncertainties in the nation’s economy, business leaders and managers have been urged to rethink their value propositions and adapt to the changing expectations of a more discerning consumer base.
Chief Executive Officer, Pierrine Consulting, Oluseyi Adeoye, gave the advice at an Executive Business Roundtable for business leaders organised by his firm in Lagos recently.
Adeoye said his firm brought together the select group of top
business leaders to analyse recent insights and the business outlook for 2025.
Adeoye, while analysing a key finding from the Consumer Sentiments Report presented during the roundtable, said the report clearly indicated that while consumer incomes were on the rise, there was a palpable shift towards quality and value in spending.
He stressed that it had therefore become imperative for businesses to stay ahead in terms of strategies if they must sustain patronage and business growth.
NECA Canvasses Support for FG on New Expatriate Reforms
Oluchi Chibuzor
The Nigeria Employers’ Consultative Association (NECA), has canvassed support for the federal government and other stakeholders including the Organised Private Sector of Nigeria on the implementation of expatriate reforms.
The Director-General of NECA, Adewale-Smatt Oyerinde, stated this at a high-level stakeholder dialogue titled, “Sensitization on the New Expatriate Administration and Other Reforms,” held at the NECA House Auditorium, Alausa, Ikeja, Lagos.
Smatt-Oyerinde noted that the global interest in rising nationalism and the growing emphasis on homeland security, have underscored the need to align Nigeria’s expatriate and immigration systems with global best practices.
He described the Ministry’s ongoing reforms as highly impactful and commendable, emphasizing that the sensitization session serves as an
opportunity for stakeholders to gain clarity directly from the source.
“The reforms we are witnessing—particularly at our airports and immigration offices—are visible and valuable. These initiatives are simplifying processes not only for expatriates but also for Nigerians. We appreciate the Ministry’s decision to provide a three-month moratorium to allow organizations align with the new policies before full enforcement begins on August 1, 2025.” he said.
Delivering the keynote address, the Honourable Minister of Interior, Dr. Olubunmi TunjiOjo, stressed the crucial role of regulatory alignment for all business operations within the country, highlighting that government would be rolling out several initiatives of the ministry’s reform agenda effective May 1, 2025, with a three-month moratorium to enable proper adjustment and compliance.
Tunji-Ojo explained that the
NGX Group Commemorates Legacy
Kayode Tokede
Nigerian Exchange Group (NGX Group) celebrated the extraordinary contributions of its retired directors, whose visionary leadership played a pivotal role in shaping the evolution of Nigeria’s capital market.
The ceremony, held after a successful 64th Annual General Meeting (AGM) in Lagos, brought together a distinguished gathering of regulatory leaders, government officials, traditional rulers, and members of the diplomatic community.
In his opening remarks, Group Chairman of NGX Group, Alhaji (Dr.) Umaru Kwairanga paid tribute to their enduring impact: “Tonight, we honor the remarkable men and women whose leadership, dedication, and foresight have left an indelible mark on
Visa-on-arrival processes have been upgraded to eliminate cases of fake visa adding that a Centralized Interior and Management System (CIMAS) has been launched to enhance coordination and transparency across all processes.
“If you want to do business, you must do business in line with the law. This is a country where there should be no ceiling in terms of growth and development for any hardworking, productive citizen. These reforms are not just policies; they are practical solutions; we want to draw the line at a standard level that supports national growth and compliance without compromising efficiency,” he added.
Among the reforms introduced is the Electronic Certificate of Expatriate Quota and Residence Permit Application (E-CERPAC), which allows for seamless application and payment through the Nigeria Immigration Service’s website, with virtual cards sent directly to applicants via email.
of Retired Directors, Calls for Collaboration
our Exchange and Nigeria’s financial markets. Their legacies remain ingrained in our DNA and will continue to inspire our path forward.”
Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama acknowledged their transformative role. “These distinguished leaders laid the groundwork for today’s dynamic, transparent, and globally competitive capital market. Their governance standards and bold decisions remain benchmarks for excellence.”
His Imperial Majesty, Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, praised their national impact adding, “As a custodian of tradition and progress, I celebrate these trailblazers whose wisdom and commitment have driven Nigeria’s economic advancement and inspired
future generations.”
Former President of The Nigerian Stock Exchange and Chairman of Access Holdings Plc, Mr. Aigboje Aig-Imoukhuede reflected on their legacy. “Capital markets are the backbone of thriving economies. The progress we see today stems directly from these directors’ vision, integrity, and leadership, which established enduring governance standards.”
Closing the event, Group Managing Director/CEO of NGX Group, Temi Popoola added that: “Tonight, we honor not only the architects of our past but also the partners shaping our future. To our retired directors, your legacies ignite the aspirations of tomorrow’s leaders. Together, we will continue building a market that embodies Nigeria’s innovation, resilience, and strength.”
WACT-APM Terminals Named Most Outstanding Terminal Operator of theYear
West Africa Container Terminal (WACT)–APM Terminals Nigeria, has been recognised as the Most Outstanding Terminal Operator of the Year 2024 at the 27th edition of the Maritime Industry Merit Awards. The prestigious event took place on Tuesday at the Oriental Hotel, Victoria Island, Lagos.
The Maritime Industry Merit Awards is an annual platform that celebrates excellence, innovation, and outstanding contributions from stakeholders within Nigeria’s maritime industry. This year’s theme, “Rewards of Excellence,” underscored the importance of performance-driven leadership and sustained sectoral growth.
Other award recipients at the event include the Minister of Marine and Blue Economy, Adegboyega Oyetola; Bayelsa State Governor, Duoye Diri; Managing Director of Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho and the Executive Secretary/CEO of Nigerian Shippers’ Council, Barr. Pius Akutah, among others. WACT-APM Terminals Nigeria,
a subsidiary of global ports and terminal operator APM Terminals, has established itself as a vital logistics hub for Nigeria’s import and export activities, particularly in the eastern corridor.
Operating within the Oil and Gas Free Zone at Onne Port, WACT-APM Terminals
Nigeria is Nigeria’s first greenfield container terminal developed under a Public-Private Partnership (PPP) model. Since commencing operations in 2006, it has made significant investments in infrastructure, equipment, technology, and workforce development—resulting in consistently high levels of operational efficiency and service delivery.
Receiving the award, Innocent Ogbuji, General Manager, Government and Public Relations at WACT-APM Terminals Nigeria, described the recognition as a validation of the terminal’s drive for excellence.
“This recognition is a testament to WACT-APM Terminals Nigeria’s ongoing commitment to upgrading both our terminal and
our people. We have deployed cutting-edge equipment and digital solutions that continue to boost our operational efficiency. We remain focused on continuous improvement in order to stay competitive within and beyond Nigeria,” Ogbuji said.
He also expressed gratitude to the organisers for recognizing the terminal’s contribution to the industry.
Also speaking, Jeethu Jose, Managing Director of WACTAPM Terminals Nigeria, emphasized the company’s commitment to excellence and its role in advancing Nigeria’s port infrastructure.
“This award is a strong validation of the dedication, hard work, and strategic investments we have made to transform WACT-APM Terminals Nigeria into a worldclass terminal. We are proud to be recognized for our commitment to operational excellence and customer satisfaction. Our goal remains to support Nigeria’s trade and industrial development through innovation, efficiency, and sustainable practices,” Jose stated.
Saharan Blend
Djeno
Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic
Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
L- R: Former Chairman, Onne Port Chapter of the Association of Nigerian Licensed Customs Agents( ANLCA), Mike Ebeatu; Head of Legal, WACT-APM Terminals Nigeria, Chester Odagwe; Chairman, Organising Committee of the Maritime Industry Merit Award, Prince Olayiwola Shittu; General Manager, Government and Public Relations of WACT-APM Terminals Nigeria, Innocent Ogbuji and the Chairman, Onne Port Chapter of ANLCA, Ifeanyi Isikaku, when WACT received the Most Outstanding Terminal Operator Award at the 27th Maritime Industry Merit Award held in Lagos...recently
SEC: CBEX Used Promo to Create False Perception of Legitimacy
Kayode Tokede
The Securities and Exchange Commission (SEC), yesterday disclosed that its preliminary investigations revealed that Crypto Bridge Exchange also known as CBEX engaged in promotional activities to create a false perception of legitimacy with the aim to entice unsuspecting members of the public into investing monies, with the promise of implausibly high guaranteed returns within a
short timeframe.
The commission in a circular also disclosed that CBEX was not granted registration by the at any time to operate as a Digital Assets Exchange.
According to SEC, CBEX, which also operates under the corporate identity of ST Technologies International Ltd, Smart Treasure/Super Technology, has held itself out as a digital asset-trading platform, offering high returns to investors in Nigeria.
SEC in the circular explained that, “The Commission hereby clarifies that neither CBEX nor its affiliates were granted registration by the Commission at any time to operate as a Digital Assets Exchange, solicit investments from the public or perform any other function within the Nigerian capital market.
CBEX has failed to honour withdrawal requests from their subscribers and abruptly closed their physical offices, amid
mounting complaints.
The SEC emphasised that pursuant to the provisions of Section 196 of the Investments and Securities Act 2025, the Commission would collaborate with relevant law enforcement agencies to take appropriate enforcement action against the CBEX, its affiliates and promoters.
“The Commission uses this medium to remind the public to REFRAIN from investing in or dealing with any entity offering
unrealistic returns or employing similar recruitment-based investment models. Prospective investors are advised to VERIFY the registration status of investment platforms via the Commission’s dedicated portal: www.sec.gov.ng/cmos before transacting with them”, the SEC added.
SEC Director General, Dr. Emomotimi Agama, had recently said the Commission is launching a more forceful and coordinated enforcement
regime against unregistered and illegal “phony” investment schemes, otherwise known as Ponzi schemes.
Agama said with the newly enacted Investments and Securities Act, 2025 (ISA 2025), the Commission now has enhanced powers to prosecute Ponzi schemes and their promoters. He said investigations were ongoing on CBEX, adding that promoters of the failed scheme will not go scot-free.
PRICES FOR SECURITIES TRADED ASOF APRIL/17/25
Chief Mrs. Funke Arthur-Worrey: 98 Years of Love, Laughter, and Legacy
At almost 98 years old, Chief Mrs. Funke Arthur-Worrey embodies a life rich in love, laughter, and legacy. With a spirit that remains vibrant and engaging, she shares her remarkable journey, reflecting on family values, societal changes, and personal triumphs. As she marks her 98th birthday on Wednesday, April 23rd, 2025, at her residence in Victoria, Lagos, Chief Arthur-Worrey offers wisdom, humor, and insight, painting a vivid picture of a life well-lived and a heart full of gratitude in thuis interview with MARY NNAH
As you celebrate 98 years of life, what’s your reflection on your journey so far?
I’m still in awe that I’ve reached 98 years old, yet I’m still able to converse, see, and walk - although not as spryly as I used to run. I’m truly grateful to God. I enjoy simple pleasures like going to the market, eating what I want, and traveling wherever I please. My mental faculties remain sharp, and I’m blessed to interact with wonderful people like you. I’m thankful for my loving family, who take good care of me. Losing my husband was a significant loss, but I’m grateful for the people in my life now. What more can I say than ‘thank you, God’ for all these blessings?
How have you managed to stay so healthy and active at 98?”
The secret is my God, Jehovah. First of all, you have to believe in God and obey His commandments. Think good of the country. Cut your coat according to your clothes and then you have to be friendly with people. Be happy with what God has given you. Be content, nobody has it all. The little God has given you, you should try and enjoy it and be happy with it.
How do you relax?
I like to unwind in my own way. I do things that help me relax. Sometimes, I go out and tend to my garden – it’s a hobby I’m known for. I’m grateful for this lovely room God has blessed me with. Here, I can watch TV, take a 30-minute nap, or get lost in a book – I love reading. I’ve even been known to revisit old copies of Tell Magazine. Although I can no longer take walks like I used to, I cherish memories of strolling around and socializing. I’d often meet with friends, and we’d drive to Epe to enjoy local treats like akara (bean cake) from a popular vendor. We’d savor the food, browse the market for exotic animals or fish, and relax at the beach. Though those carefree days are behind me, I’m content with the life I’ve lived.
Do you still swim?
I swim. Look at my swimming pool. I can swim there if I want to. You know, once you can swim, it’s like... cycling. Once you can ride a bike, you can do it whether you’re old or not. And swimming is the same… It is a skill that stays with you forever, regardless of age.
Looking back now, what are your proudest achievements?
My greatest achievement is that I grew up in Lagos and was able to develop myself in this city. I schooled in Lagos, but I got married in England, came back to Lagos and worked here and enjoyed the opportunities provided by Lagos. God gave me the grace to travel outside the country and even within Nigeria. I see the way people are. But Lagos is the best for me. You know, I love Lagos, and I think back to so many beautiful stories or history. When you say history, what happened then? Because really, we were lucky. You know, if you go to school here, unless you don’t want to study, you can study anything. Lagos is still the best out of the 36 states.
What are the biggest lessons life has taught you?
Life has taught me to be humble and for us to love one another. Now, I don’t say I’m perfect, but I just try. We all have problems, but you don’t take your problems out on others. Enjoy life. Travel if you can. If we cannot travel abroad, just go out, change the environment. Enjoy your neighbours. You know, there’s no life more than this. And then you must have to have a hobby, either gardening. You may not be perfect. And then make yourself comfortable by eating well, by sleeping on time, by going to parties if you can or just dancing to music anyways. Thank God we still have this old music and fashion.
Let’s discuss family values and the shift in respect for elders. It seems like there’s been a noticeable change over time. When do you think this decline in respect started,
and what factors do you believe have contributed to it?
You see, that’s what I say about our media. They report more about bad things, like rape and kidnapping. But if you see what our children are doing abroad, they’re beautiful and brilliant. I’m proud of them. I spent three months in England last year and saw how our people, Nigerians, are thriving with good families, businesses, jobs, and even excelling in universities like Oxford, which is now headed by a Nigerian. It’s surprising that our media doesn’t report more good things about Nigeria. Nigeria is wonderful and a beautiful country. This is what I meant when I talked about family values.
Another problem we have is that mothers with two or three children, where both parents are working, don’t have as much time for their kids as before. In our time, we’d take them to school, pick them up, and ensure they behaved because neighbors would keep an eye on them. But now, with high-rise
buildings and estates, parents are busier and don’t have that community support. I read recently about a student who fought a teacher, and the parents defended the child’s actions. It’s a different life now, with more responsibilities and financial pressures. Since COVID, things have changed, and even in England, they’re facing similar challenges.
So we have problems, but I still say we’re lucky to be in Nigeria. It’s a beautiful country
You seem to be an art collector. Where do you acquire your pieces from?
Which items? I’ve had them for years. My late husband was the one who introduced me to sports and arts, and taught me how to collect. Wherever he went, he’d collect artwork - it was his passion. I followed his lead, and now that he’s gone, it’s up to me to take care
of them. Every time I look at them, they bring back happy memories of him.
You’ve seen it all - the good and the not-so-good. I want to ask, how do you handle losses, especially the loss of loved ones like your husband? How have you been able to cope over the years? It’s God. We started with love - a miraculous love. God planned everything. With a strong foundation of love and understanding, we lived according to our means and had good neighbors. We were friendly with them without interfering in their lives or being a nuisance. But life brings change. He wasn’t just my husband, he was also my confidant and protector. He did everything for me. That was the beginning. Through organizations like the International Women’s Society, I’ve learned to love and be loved by others. We’ve shared experiences and supported one another. It’s been a good life, and God has been good to me.
Chief Mrs. Funke Arthur-Worrey
CELEBRATION OF THE 36TH YEAR ANNIVERSARY OF CGCC...
Investors Sue Ex-Anambra Police Commissioner
Over Alleged N1.4bn Investment Fraud
Wale Igbintade
Thirty-two investors filed a suit at the Lagos High Court asking it to compel former Anambra State Commissioner of Police, Aderemi Adeoye, and four others to render an account of all funds collected from them, as well as properties acquired by Alpha Trust Investment Club (ATIC) from inception to-date.
In Suit No. ID/11520GC/MW/24, now before Justice A.M. Lawal, the claimants alleged that as of the time of their purported expulsion, their combined investment in ATIC stood at N1,449,156,450.00 (one billion, four hundred and forty-nine million, one hundred and fifty-six thousand, four hundred and fifty Naira).
Represented by Olu Daramola, SAN, of Afe Babalola & Co., the investors accused the former police commissioner of running ATIC - an entity allegedly worth over N20 billion - entirely online via Facebook, with no physical office or structure.
Claimants included Ronke Iyabode Adejare, Kingsley Nwabugwu, Henry Adebayo, Dr. Adesoji Adeniyi, and 28 others.
They are suing Adeoye, Mr. Egbele David Kaykay, Mr. Babatunde Olarenwaju Akanbi, ATIC (Eti-Osa) Cooperative Multipurpose Society Ltd, and the Director of Cooperatives, Lagos State Ministry of Commerce, Cooperatives, Trade and Investment.
The claimants are asking the court to declare as unlawful the unilateral valuation of their shares without an independent audit, the refusal to al-
locate land fully paid for before their expulsion, their expulsion without due process, and the running of the management of ATIC as a personal business without accountability.
They also prayed the court to declare as unlawful the alleged refusal to allow elections into ATIC’s Board of Trustees and Executive Committee, the failure to subject ATIC’s accounts and assets to certified independent audit.
They are also seeking court orders directing: “A full account of all monies and properties from inception.
“An audit by a certified accountant appointed by the President of ICAN.
and the 5th defendant to investigate whether ATIC has complied with Lagos State cooperative laws.”
At the court session yesterday, Deji Adeyeye appeared for the claimants, Mrs. A. Amonwe for the first to fourth defendants, and Mr. A.A. Moheeb (Deputy Director, Ministry of Justice) for the fifth defendant.
The court granted the defendants’ application for change of counsel and adjourned the matter till June 26, 2025, for hearing on the claimants’ application to appoint an independent auditor.
In a 54-paragraph sworn statement by the 28th claimant, Oluwasegun
Akinyemi Akindele, he said the claimants were Nigerians spread across the UK, U.S., Canada, Cyprus, Australia, and Nigeria.
He explained that many of them were drawn to ATIC after following the first defendant’s Facebook page, where he presented himself as a principled police officer and anti-corruption crusader.
Akindele stated that in 2017/2018, Adeoye proposed the formation of an investment club focused on real estate and stock market ventures.
Members were told the club would be managed by financial experts while Adeoye played an advisory role.
He said they were instructed to pay contributions into a Guaranty Trust Bank account under ATIC Venture and Business Services.
However, claimants later discovered the supposed club was registered as a private business allegedly co-owned by Adeoye, Kaykay, and Akanbi.
He said when members demanded transparency—such as a board of trustees, office space, and a club website—the first to third defendants resisted and allegedly branded dissenters as “toxic” or “rebels.”
Despite members contributing over N332 million between 2018 and 2023,
Akindele said no title documents or credible proof of investments were ever provided. Properties listed as being purchased include: Manhattan Phase 2 Estate, Abuja – 200 plots, Bridge Estate and Ocean View Estate, Ibeju-Lekki, Miami Beachfront – 500 plots, Epe Pavilion Estate – 600 plots, Ansfield Garden (ATIC City), Swiss Luxury Estate, and CITA Estates 1 & 2, among others. He also alleged that some members were lured into a “Customised Crypto Investment” scheme with a guaranteed 10 per cent monthly return, personally promised by Adeoye.
Stakeholders Berate Osun Govt, CBN for Allowing Cititrust Holdings Control LivingTrust Mortgage Bank Despite Financial Indictment
James Emejo in Abuja
Stakeholders have expressed reservations that despite a court-ordered final forfeiture of Cititrust Holdings Plc’s shares and assets in LivingTrust Mortgage Bank Plc, over alleged ponzi scheme operation by the former, the Osun State Government and the Central Bank of Nigeria (CBN) have left the mortgage institution in firm control of the embattled company. Cititrust was designated as a Ponzi scheme operator by the Economic and Financial Crimes Commission (EFCC).
However, the company retains de
facto control of the bank’s management, raising questions about the priorities of both the state government and the apex bank. Sources said the scandal further exposes systemic negligence by the state and banking industry regulator.
LivingTrust, which was founded in 1993 under the administration of Senator Isiaka Adeleke, was envisioned as a vehicle to provide affordable housing to Osun State citizens.
However, critics alleged that under the current administration of Senator Ademola Adeleke, the bank’s legacy had been sacrificed at the altar of
Boundary Disputes: Osun, Oyo in Peace Moves, Order Dep Govs to Engage Parties
Kolawole in Osogbo
Governors Ademola Adeleke of Osun State and Seyi Makinde of Oyo State have waded into the incessant border clashes between Lagelu and Iwo local governments of both states, launching peace moves ahead of the release of the report of the National Boundary Commission.
The two governors met over the dispute during the week and resolved on immediate actions which included a directive to the Deputy Governors of both states to meet and then visit the areas involved in the dispute.
The resolution which was reached at the Ibadan residence of Governor Makinde emphasised the need for peaceful engagement and
resolution of all outstanding issues, charging the Deputy Governors to meet leaders of Lagelu and Iwo communities involved in the confrontation.
The Deputy Governors are also to look into other related boundary disputes such as the recurring one between Orolu local government and Ogbomoso areas of the two states.
Both governors called for restraints and cessation of reported raids into each other’s territories by aggrieved parties, insisting on due process and rule of law in conflict resolution.
The National Boundary Commission had conducted mediation visitation to the disputed areas to collate data from documentary and oral evidence to determine the exact
boundary of the two states.
But the federal agency has yet to release its report despite several follow-ups by the stakeholders, creating a vacuum being exploited by violent groups.
In the last one month, several villages in Iwo local government have been attacked while the Lagelu groups allegedly also attacked its men and settlements.
Governor Adeleke at the meeting emphasised the historical linkage between the two states, declaring that “our people are one and we must peacefully resolve any outstanding issues.
“I commend my brother, Governor Seyi Makinde on this proactive decision. Our deputy governors will take up the matter as a matter of urgency.”
political inaction.
Justice F. N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, April 15, 2025, ordered the final forfeiture of 2.04 billion units of shares of Livingtrust Mortgage Bank Plc, formerly known as Omoluabi Mortgage Bank Plc, valued at N6.67 billion.
The court also ordered the final forfeiture of the sum of N42 million and $26.44.
The shares and the funds in the accounts were traced to Cititrust Holdings and its subsidiaries.
The Judge gave the order, following a motion on notice filed by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Okotie Eboh, Ikoyi, Lagos through its counsel, Ahmad A Usman.
Justice Ogazi had earlier granted the interim forfeiture of the properties
and also ordered the publication of the said order in a national newspaper for any interested parties to show cause why they should not be finally forfeited to the victims.
Moving the application for the final forfeiture, Usman said the commission had published Cititrust Holdings and some of its subsidiaries as part of the companies being prosecuted for operating as a ponzi scheme.
He said the properties were found to have been purchased with several investors’ funds.
Consequently, a stakeholder told THISDAY, “Governor Adeleke has failed to take a proactive approach to regain the state’s control of the bank, despite its historical importance and the court’s ruling against Cititrust.
“If the governor truly represents the people of Osun, he should prioritise preserving this legacy rather than
fixating on the politics surrounding the sale of shares years ago.”
The source pointed out that Cititrust, through its representatives, dominates the bank’s nine-member board.
Among the six directors aligned with Cititrust are the Managing Director, Olumide Adedeji, and Executive Director, Timothy Gbadeyan. The source noted that the lopsided representation makes it nearly impossible for the board to act independently of the alleged ponzi scheme operator, a situation the source described as “a recipe for fraud and further mismanagement of depositors’ funds.”
Equally culpable, according to the source, is the CBN, which has turned a blind eye to documented evidence of fraud against Cititrust Holdings.
Empowerment: Tinubu Approves N120bn for Technical, Vocational and Digital Skills
Kuni
Tyessi in Abuja
President Bola Tinubu has approved the sum of N120 billion to the education sector for the advancement of Technical and Vocational Education Training (TVET). With this, over the next two years, the federal government is aiming to empower at least 650,000 youths with technical, vocational and digital skills required to meet the emerging industrial and labor needs. Revealing this at the commissioning of the community and
education centre at Ikot Abasi in Akwa-Ibom State, Minister of State for Education, Prof. Suwaiba, Said Ahmed, said this was an effort to expand its Technical and Vocational Education and Training (TVET) agenda, as the ministry is set to introduce incentives to attract young Nigerians with payment of monthly stipends, starter packs and payments of take-off grants. She stated that the unveiling of the Nigerian Education Sector Renewal Initiative, NESRI, the Nigerian economy would move from
resource-based to knowledge-based with several objectives. She added that the objectives in line with NESRI’s pillars were TVET, Science, Technology, Engineering, Mathematics and Medical Sciences (STEMM), Out-of-school children, Girl-Child Education, Data & Digitalization and Education Quality Assurance. According to her, “In line with this, President Bola Ahmed Tinubu, has approved the release of N120 Billion to advance the TVET agenda of the Ministry of Education.
L–R: President/Chairman, Omega Glocal Mission, Abuja, Dr. Babajide Olowodola; His wife, Mrs. Olusola Olowodola; Serving Overseer, Citadel Global Community Church, Lagos, Pastor Tunde Bakare; His wife, Mrs. Olayide Bakare; and Serving Overseer, First Love Assembly, Pastor Simeon Afolabi, at the celebration of the 36th year anniversary of CGCC in Lagos… recently
Yinka
COURTESY VISIT TO LAFARGE CORPORATE HEAD OFFICE...
L–R: Alumnus, JCI Nigeria, JCI Senator Charles Onyibe; Corporate Citizenship Manager, Lafarge Africa Plc, Ini-Obong Antaih; Director, Communications, Public Affairs and Sustainable Development, Lafarge Africa Plc, Mrs. Viola Graham-Douglas; President, JCI Nigeria, Oluwatoyin Atanda; and Commercial Excellence Manager, Lafarge Africa Plc, Mr. Wale Bakare, during a courtesy visit to the Lafarge Africa Plc Corporate Head Office in Lagos, on Tuesday
Atiku Likens Arsenal’s Victory Over Real Madrid to Coalition’s Likely Success in 2027
Group counsels ex-vp on coalition, calls for united stance on approach to 2027 polls
Former Vice-President Atiku Abubakar has reacted to the semifinal victory of English club Arsenal over Spanish side Real Madrid in the UEFA Champions League (UCL).
The Gunners were through to the semifinals of the UCL after beating
trophy holders Real Madrid 5-1 on aggregate in their quarterfinal match to advance to the semifinals last night.
Reacting, Atiku, a supporter of Arsenal, emphasised the importance of unity as the way forward, saying victory was a lesson in consolidating strength.
In a post on X, the presidential
candidate of the Peoples Democratic Party (PDP) in 2023 wrote: “Arsenal just taught us a lesson in consolidating our strengths in a coalition vehicle. Victory is assured when we stand united.”
The remark followed trouble in the camp of the opposition with governors elected on the platform
of the PDP distancing themselves from any coalition or merger ahead of the 2027 general elections.
Atiku had last month announced the formation of a coalition of opposition parties aimed at unseating President Bola Ahmed Tinubu in 2027. He was flanked at the press conference by Dr Yunusa Tanko,
Rwandan Envoy Warns of Rising Genocidal Threats in DRC, Urges Global Intervention
Funmi Ogundare
Rwandan Ambassador to Nigeria, Christophe Bazivamo, yesterday, warned the international community about the resurgence of genocidal threats in the eastern Democratic Republic of Congo (DRC).
He, therefore, called for urgent global attention to hate-fueled violence that mirrored the conditions leading to the 1994 Genocide against the Tutsi in Rwanda.
Bazivamo spoke at the 31st commemoration of the 1994 genocide against the Tutsi in Rwanda (Kwibuka 31), held at the Babcock University, Ilishan-Remo, Ogun State.
He revealed that armed groups linked to the perpetrators of the 1994 genocide had re-emerged under new names, including the Forces Démocratiques pour la Libération du Rwanda ( FDLR) and continued to spread hate, particularly targeting
Congolese Tutsi communities.
“Today, we are witnessing dehumanising propaganda and calls for extermination, similar to the language used before 1994 in Rwanda,” he said, adding: “Thousands have been displaced, and yet, the international response remains dangerously muted.”
The ambassador emphasised that the genocide did not happen overnight but was the result of decades of ethnically driven discrimination and impunity, beginning under Belgian colonial rule and deepened by successive regimes.
He described the international community’s failure to intervene in 1994 as a betrayal, adding that continued silence today could equally have catastrophic consequences.
Reflecting on Rwanda’s postgenocide recovery, he spoke of the country’s emphasis on unity, reconciliation, and rebuilding through
initiatives like the Gacaca courts and the national identity campaign ‘Ndi Umunyarwanda’.
Addressing the students, Bazivamo highlighted the significance of holding the event at a university.
“You, the youth, are the conscience
of the present and the architects of the future. Kwibuka is not a moment, it is a mindset. As students, you need to become ambassadors of tolerance and justice. Study history, not just to remember the past, but to protect the future,” he said.
representative of the 2023 Labour Party presidential candidate Peter Obi, and former Kaduna State governor, Nasir El-Rufai, who recently left the ruling All Progressives Congress (APC) for the Social Democratic Party (SDP).
Following a recent visit to former President Muhammadu Buhari in Kaduna by Atiku and members of the coalition, expectations were high that the PDP governors’ meeting in Ibadan would clarify the party’s position on the alliance.
However, arising from the meeting held between Sunday and Monday in Ibadan, Oyo State, which was attended by the party’s acting National Chairman, Ambassador Umar Damagum, and other party leaders, the governors distanced themselves from any coalition or merger talks.
Meanwhile, a group, the PDP One Hundred Percent support has called on Atiku to adopt a united approach in his quest for a coalition to oust
the All Progressives Congress, APC . The group said it was better to call all organs of the party along in the coalition train, as an individual approach wouldnot garner the needed steam, stating that individualism would not make the needed efforts.
Addressing a press conference yesterday in Abuja, the National Coordinator of the group, Dennis Shima, said a united front like what Governor Seyi Makinde did in 2019, when he rallied all opposition groups within the PDP in Oyo State yielded the maximum benefit in defeating the APC in the 2019 governorship election in the state.
‘’Sequel to the resolutions of PDP Governors’ Forum in Ibadan, Oyo State of Southwestern Nigeria, many public opinion within and outside PDP emerged. However, the call for adoption of 2019 Oyo State model of coalition in collaboration with PDP Southwest leadership rings bell.”
Minor Who Stood Before Peter Obi’s Convoy Freed After Months in Kirikiri on Police False Robbery Charge
Chiemelie Ezeobi
Quadri Yusuf Alabi, the 17-year-old whose act of standing before the convoy of Labour Party presidential candidate Peter Obi during the 2023 general elections elicited the generosity
Suspected Gunmen Attack Senator Natasha
Akpoti-Uduaghan’s
Suspected gunmen have allegedly attacked the Family House of the Senator representing Kogi Central Senator Natasha Akpoti-Uduaghan in her Ihima Country home.
The incident reportedly occurred on Tuesday at Ihima in Okehi Local Government Area of Kogi State . In a swift reaction, Senator Akpoti-Uduaghan in a statement made available by the Senator Natasha Media Office to journalists in Lokoja on Thursday condemned the unprovoked attack.
The statement read in part: “We condemn the brazen attack on Senator Natasha Akpoti-Uduaghan’s
Family House in Kogi
family house in Obeiba-Ihima, Kogi State, on Tuesday, April 15. Armed men, mistakenly believing the Senator was present, vandalized windows in her grandfather’s house. Fortunately, security operatives swiftly responded and repelled the attackers.
“This calculated assault appears to be a direct response to Senator Akpoti-Uduaghan’s courageous stance against Senate President Godswill Akpabio, whom she accused of sexual harassment. We urge the Inspector General of Police to immediately reinstate her security details.
“Senator Akpoti-Uduaghan shared her account of the incident: “Two days ago, my younger brother took
some contractors to my hometown in Ihima to inspect locations for upcoming projects I attracted to my senatorial district.
“The unknown gunmen assumed I was the one in town and attacked my family house that night. Thankfully, the civil defence team and community members responded promptly and chased them off. A report was made at the police area command, and no one was hurt.”
“We call on the public to remain calm and support the pursuit of justice for Senator Akpoti-Uduaghan. Her dedication to speaking truth and representing her constituents should not be met with violence and intimidation.”
of many Nigerians, has regained his freedom after months of wrongful detention at the Kirikiri Medium Security Custodial Centre in Lagos.
On Thursday, 17th April 2025, a Lagos Magistrate’s Court sitting in Apapa discharged and released Quadri after the Lagos State Director of Public Prosecutions (DPP), Dr. Babajide Martins, found no evidence to support the allegation of armed robbery levelled against him.
THISDAY gathered that Quadra’s legal ordeal began in January when he was abducted near his family home in Amukoko, Ajeromi-Ifelodun Local Government Area by two notorious area boys known in the community as “Lege” and “Baba Waris”.
According to his legal counsel, human rights lawyer Inibehe Effiong, the duo had long harassed the teenager out of envy, demanding a portion of donations he had received following his viral encounter with Peter Obi during the last election.
Effiong revealed that the Baale of the community also pressured Quadri’s family to host a feast — complete with a cow and rice — to appease the area boys.
The teenager, who was returning from work at the time of the incident, was dragged to the Amukoko Divi-
sional Police Headquarters, popularly known as Pako Police Station.
While the abductors initially accused him of street fighting, the narrative shifted dramatically when the police, on 26th January 2025, arraigned him before a Magistrate and claimed he was involved in an armed robbery.
“In a clear abuse of process, the police joined Quadri with four unknown adults — men he had no prior connection with — and alleged they were his accomplices,” said Effiong in a press statement released on Thursday.
The police also falsely declared Quadri’s age as 18, concealing his actual age of 17 in what Effiong described as “a deliberate and sinister move to subject him to adult legal processes.”
Effiong’s legal team only became aware of the case last week after the matter was brought to the public’s attention by Ms. Hassana Nurudeen, co-founder of Ray of Hope Prison Outreach, who raised the alarm on social media.
Following swift legal intervention, the case was brought before Magistrate A.O. Olorunfemi, who, after reviewing the DPP’s legal advice, declared there was no evidence linking Quadri to
any crime. The Magistrate accordingly discharged and freed the teenager. Effiong commended the DPP for “standing by the truth,” but condemned the actions of the Amukoko Police, calling for urgent disciplinary action against those involved.
“We demand that the Commissioner of Police, Lagos State Command, and the Inspector General of Police immediately remove the Divisional Police Officer of Amukoko Division and subject him to an orderly room trial, alongside the Investigating Police Officer, Inspector Odigbe Samuel, and all officers who participated in this evil and corrupt scheme,” Effiong stated.
The legal team is demanding a public apology from the Nigeria Police Force and compensation of N100 million for Quadri’s unlawful detention and psychological trauma. Failing this, Effiong warned, legal action will be instituted to seek full redress.
“Quadri’s case is a painful reminder of the rottenness, impunity, and injustice that plague the Nigeria Police Force. There are many other ‘Quadris’ languishing in cells and prison yards across the country because of unbridled corruption and a broken justice system,” Effiong said.
Ibrahim Oyewale in Lokoja
Chuks Okocha in Abuja
INDOMINE HEROES AWARD 2025 PRESS CONFERENCE...
Alleged Violation of Emergency Regulations: Falana
Wants Ibas Removed as Rivers Sole Administrator
Alex Enumah in Abuja and Wale Igbintade in Lagos Human rights activist, Mr Femi Falana, SAN has called for the removal of Vice Admiral Ibokette Ibas (Rtd), as Sole Administrator of Rivers State.
Falana predicated his call on the grounds that Ibas violated the regulations guiding his appointment as Sole Administrator when he unilaterally made some recent appointments and sacking of some state’s officials without deferring to the president.
Citing the Proclamation of State of Emergency in Rivers State document, Falana observed that Tinubu to the best of his knowledge has not issued any regulation guiding Ibas operation as sole administrator.
“In the above federal government Gazette, President Bola Tinubu stated very clearly that the Sole Administrator “shall operate on the basis of such Regulations that may, from time to time, be issued by me”, the senior lawyer said.
“It is common knowledge that President Bola Tinubu has not issued any Regulation for the operation of the Sole Administrator.
“But, the Sole Administrator has made appointments and removed officials appointed by Governor Siminalayi Fubara”, he added.
Falana submitted that by treating the orders of President Bola Tinubu with contempt, “the Sole Administrator has compounded the illegality of
his appointment.
“The Sole Administrator ought to be removed without any further delay”.
Recall that President Tinubu had on March 18 declared a State of Emergency in Rivers State, citing “a clear and present danger of an imminent breakdown of public order and public safety in Rivers State of Nigeria, which require extraordinary measures to avert such danger”.
According to the proclamation document the president had claimed that there was a clear and present danger of the looming crisis in Rivers State which, if left unchecked, could degenerate, leading to massive loss of lives and property in the State.
“Whereas, extraordinary measures are required to restore good governance, peace, security and order in
Rivers State:
“Now therefore in exercise of the powers conferred upon me by Section 305 of the Constitution of the Federal Republic of Nigeria, 1999 and all other powers enabling me in that behalf, I, Bola Ahmed Tinubu GCFR, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, hereby make the following Proclamation of a State of Emergency in Rivers State:
“As from the commencement of this Proclamation, a State of Emergency is hereby declared in Rivers State (in the Proclamation referred to as “the State”).
Suspension of the Offices of the Governor, his deputy and elected members of the State House of Assembly
“As from the commencement of this Proclamation, the Offices of the Governor, Deputy Governor and State House of Assembly are here suspended.
“The State shall for the duration of the emergency, be administered by Vice Admiral Ibokette Ibas (Rtd), as Administrator, who shall operate on the basis of such Regulations that may, from time to time, be issued by me”, the document read in part.
You Can’t Discuss AMCON Sunset With Over N4trn Outstanding Debt, Say Lawmakers
The Chairman, House of Representatives Committee on Banking & Ancillary Institutions, Hon. Eze Nwachukwu Eze, Thursday at the Royal Institute for Training & Human Capital Development (Zuma Rock Resort) in Niger State said the committee remains fully committed to partnering the Asset Management Corporation of Nigeria (AMCON), the Central Bank of Nigeria (CBN), the Federal Ministry of Finance, and other stakeholders to draft and refine legislation that smoothens the corporation’s exit strategy in line with international best practices. Eze Nwachukwu Eze spoke at the Stakeholders Roundtable on the AMCON Sunset Strategy, which was organized by the House of Represen-
tatives Committee on Banking and Other Ancillary Institutions. Themed - ‘Exit Strategy for AMCON: Policy Considerations and Implementation Plans – Hon. Eze recalled that since AMCON’s establishment in 2010, the Corporation has served as an essential institutional mechanism in stabilizing the Nigerian financial system.
In the wake of the global financial crisis and its local reverberations, AMCON provided a lifeline to banks drowning in toxic assets and nonperforming loans, thereby safeguarding the integrity of the Nigerian financial architecture.
Its mandate was clear and concise: to prevent systemic collapse, to safeguard depositors’ funds, and to stabilize the credit environment for sustainable
economic recovery.
He said: “The reality is that the wind-down of AMCON cannot and must not be viewed as a simple administrative closure. It represents a significant milestone in Nigeria’s economic evolution - one that requires careful thought, meticulous planning, and broad stakeholder consensus.
“An exit strategy that is rushed, poorly designed, or inconsistently implemented could undo years of financial stabilization work and expose the banking sector to systemic risks.
“On the other hand, a wellstructured, carefully sequenced, and policy-aligned exit will serve as a testament to Nigeria’s institutional maturity and financial resilience.
“The task before us, therefore, is not
Ganduje: FCT Too Important to be Left for Opposition Parties
LG boss, councilors join ruling party
Adedayo Akinwale in Abuja
The National Chairman of the All Progressives Congress (APC) Dr. Abdullahi Ganduje, has said that the Federal Capital Territory (FCT), Abuja, is too important to be left in the hands of the opposition parties.
Ganduje stated this at a rally held at Old Parade Ground yesterday in Abuja, where he formally received the Chairman of Abuja Municipal Area Council (AMAC), Christopher Maikalangu, his councilors and supporters of Peoples Democratic Party (PDP) and Labour Party (LP) across the six area councils of the territory into the APC.
He stated: “Ladies and gentlemen, as part of that Renewed
Hope Agenda, today we have started seeing that FCT will be converted to APC. Today we have a great political giant, we have the chairman of AMAC which is the most popular local government in the Federal Capital Territory.
“The chairman, with all his elected councilors, with all his appointed councilors, with all the politicians from PDP, have decided to come to our great party, the APC. He has come with his thousands of supporters.
“Also, we have decampees from Bwari Area Council. We have decampees from Kuje Area Council, we have decampees from Abaji Area Council, we have decampees from Kwali Area Council, we have decampees from Gwagwalada Area Councils.
“What remains now, almost all the politicians, all the people, more than 60 per cent of the Federal Capital Territory is now APC. The territory is important to be left in the hands of opposition parties.”
The chairman added that with the influx of politicians from the opposition party into the APC, the ruling party is set to produce the only Senator for the FCT, two members of the House of Representatives and all area councils chairmen in the territory.
Also, the Minister of State FCT, Hajia Mariya Bunkure urged the electorate to sustain their support for the APC-led administration which is living no stone unturned in uplifting their well being.
Also, APC State chairman for FCT, Abdulmalik Usman, assured
that the party under his leadership would redouble its efforts towards ensuring that the party takes over the nation’s capital ahead of the 2027 general election.
Speaking on behalf of the former APC Governors, the immediate past governor of Kogi state, Yahaya Bello declared that there is no vacancy in Aso Rock come 2027.
He stressed that President BolaTinubu will overwhelmingly be re-elected to continue with the good work he is doing for the country.
Bello called on all members of the party who have one issue or the other to come together and unite to make the broom platform virile for any electoral contest, stressing that APC will soon take over all the area councils in the FCT.
merely to discuss if AMCON should exit - that decision is embedded in its founding principles - but how and when it should exit in a manner that is responsible, efficient, and forward-looking.
“We must ensure that the outcome of this roundtable discussion provides actionable pathways and clear policy recommendations that address existing gaps, align stakeholder expectations, and guide future financial stability frameworks.
“As we contemplate the operational sunset of AMCON, several policy con- siderations must anchor our discourse. The first is the issue of residual assets and liabilities.
“A critical element of any exit strategy lies in how unresolved assets and outstanding obligations are managed post-AMCON. Learning from Global Experiences is vital. Nations such as Ireland, Malaysia, and the United States have confronted similar sunset scenarios for asset management corporations.
“Nigeria must leverage these lessons while considering our unique socio-economic and financial realities. Mechanisms must be developed to avoid transferring undue risks back to the banking system or, worse still, to the Nigerian taxpayer.
“The second issue is the legal and regulatory framework. AMCON’s operations were supported by an enabling Act, which empowered it to acquire, manage, and dispose of assets in a manner that serves national economic stability.
“As the corporation prepares to exit, relevant legislative adjustments must be considered to either repeal, amend, or transition these powers in a manner that maintains market confidence and legal clarity. Thirdly, the lessons learned from AMCON’s asset recovery and resolution strategies must be institutionalized.
“The AMCON era has revealed structural weaknesses in credit administration, loan recovery enforcement, and debtor culture within our financial system.
“These lessons must not be allowed to fade with AMCON’s exit, but rather be embedded into future financial regulations, supervisory frameworks, and banking practices.”
Warning those who are clamouring for AMCON sunset, Hon. Eze added, “Any conversation around AMCON’s sunset must take into account the broader macroeconomic context. Nigeria’s financial system today faces a host of new and evolving challenges: rising public and private debt levels, foreign exchange volatility, inflationary pressures, and global financial realignments.
As we plan for AMCON’s exit, we must ask are the buffers in place to withstand future shocks without the need for a similar interventionist body. If not, this roundtable should also address what long-term structural reforms are necessary to shield our financial system from the risks that birthed AMCON in the first place.
“Let me also emphasize that the success of any exit strategy lies in the alignment between legislative action, executive policy, and stakeholder cooperation.
“The National Assembly, through its oversight responsibilities, is committed to supporting all necessary legislative adjustments that will make this transi- tion smooth and effective.
“Likewise, we look forward to working with the Central Bank of Nigeria (CBN), the Ministry of Finance (MOF), the Nigerian Deposit Insurance Corporation (NDIC), the Bankers’ Committee, and all relevant parties in ensuring that the roadmap for AMCON’s exit is inclusive, robust, and technically sound,” he concluded.
Earlier, the Managing Director/ CEO of AMCON, Mr. Gbenga Alade, who led the entire Executive Management team of the Corporation to the event in his remarks, said that before discussing the exit strategy, it was important to stress that AMCON has done tremendously well, especially when compared to other notable government-owned Asset Management Corporations around the world.
L-R: National Coordinator, Indomie Fan Club, Karishma Rustagi; General Manager Corporate Communications and Events, DUFIL Prima Foods Ltd, Temitope Asiwaju; and Senior Consultant, Chain Reactions Africa, Henry Eguridu at the press conference announcing the call for entries for the 17th edition of the Indomie Heroes Awards, an initiative by Dufil Prima Foods Ltd, held in Lagos …recently
PHOTO: SUNDAY ADIGUN
MBAH VISITS CHRISTIAN CHUKWU’S FAMILY...
Tuggar: Nigeria Needs Foreign Policy Review to Meet Current Global Trend
As
stakeholders canvass reforms to prevent
The Minister of Foreign Affairs, Ambassador Yusuf Tuggar has said current, unfolding global events call for a review of Nigeria’s foreign policy, demanding dynamism and ensuring the protection of Nigeria’s national interest.
He insisted that diplomacy should take the lead over war, urging leaders worldwide to encourage dialogue for conflict resolution over the money draining, blood spilling war.
Delivering a speech on Thursday at the Inaugural Session of the Agora Policy Forum themed: “Nigeria’s Foreign Policy at a Time of Global Uncertainty,” Tuggar said: “We are gathered here at a time when the international order is undergoing significant transformation. Geopolitical tensions, economic realignments, daily tariffs and trade wars, security threats, climate change, and technological disruptions are reshaping the global landscape in ways that demand strategic recalibration from all nations. Traditional assumptions about democracy and markets are being questioned by state and nonstate actors.”
In another related development at the diplomatic front, as the Economic Community of West African States (ECOWAS) gears up for its 50th anniversary, stakeholders from various sectors have called for immediate and holistic reform of the organisation.
The call was made on Wednesday in Abuja at a high-level forum, organised by the Centre for Democracy and Development (CDD) and the West Africa Democracy Solidarity Network (WADEMOS), with the theme: ‘ECOWAS @ 50, Reform or Disintegrate: Which Pathway for the Regional Bloc?’.
The CDD Senior Fellow, Prof. Jibrin Ibrahim, in his presentation, traced ECOWAS’s historical role in promoting democracy and integration in West Africa, while warning that recent developments including military coups in Mali, Burkina Faso, Niger, and Guinea, posed significant challenges to the bloc’s cohesion and must be acted upon.
Meanwhile, the Minister of Foreign Affairs, Ambassador Tuggar, in his speech noted: “As Africa’s most populous country and a key economic and diplomatic actor, Nigeria must protect and promote our values and commitment to democratic freedoms and the celebration of diversity, as we navigate these new complexities with foresight, pragmatism, and resilience.”
Tuggar said: “The post-Cold War consensus that shaped global
governance for the past three decades is increasingly fracturing.
The resurgence of great power competition, the fragmentation of multilateralism, and the proliferation of regional conflicts have created a more unpredictable world than ever in our post-independence history.
“The war in Ukraine has reshaped energy markets, disrupted supply chains, and exacerbated food insecurity, particularly for developing economies like ours.
“Conflict in Sudan and the Sahel has illustrated the limits of the old rules-based order, as new state and non-state actors flex influence in areas of chronic instability.
“The global economy is experiencing persistent inflationary pressures, debt crises in emerging markets, and a reconfiguration of trade partnerships.
“The rise of new technologies, from artificial intelligence to digital currencies, introduces opportunities and challenges for economic governance and national security.
“Climate change continues to pose an existential threat, with Africa disproportionately affected, despite contributing the least to global emissions.
“In this context, Nigeria’s foreign policy must be dynamic. It must ensure that our national interests are protected while we remain a responsible and engaged member of the international community.
“And above all, foreign policy must be efficient. If diplomacy is war by other means, the terrible costs of conflict must at least partially be a measure of diplomatic failure.”
He stressed that: “We should invest in capacity and exhaust all available avenues, because the alternatives are much worse. In that sense, the triumph of diplomacy should be measured as much by what we do not see, what we can avoid, and what we do see.
“To take examples from our history: we still reference - and rightly so - the sacrifice Nigeria made in Liberia and Sierra Leone in the 1990s, but not so much the efforts, through public diplomacy, back channels, direct engagement, third-party involvement, the balancing of principle with practical detail – all tricks in the diplomatic toolboxthat led to the transfer of power in Gambia without a drop of blood spilt.”
He insisted that: “Tragedies avoided are more easily forgotten than sacrifices made. For this reason, with defence budgets escalating around the world, we need to be reminded, even in a transactional
world, that diplomacy should take the lead.
“It is always better to talk. We do not always deliver perfect outcomes, especially where those areas of common interest and good faith are narrow, where one side may face particular local pressures that trump what partnership might deliver. Realistic outcomes are shaped by realistic expectations.”
The minister decried that: “We see the existing order deconstructing. It was an order that did not present a level playing field for Nigeria and Africa, in terms of access to financing and markets and the tools to facilitate peace, prosperity and opportunity. As that order breaks down, what follows is much less clear.
It is our responsibility, as the region’s key power, to be a voice for Africa - to play our part in helping create a modern and dynamic order that reflects our national and shared interests.
“And that responsibility is fundamentally diplomatic: securitisation shifts thinking from strategic to tactical, to a reduction in the space for dialogue, compromise and manoeuvre. Security more than ever tilts towards hardware and technology.
“Diplomacy at its best is a very human process of interaction. Of course, a strong defence capabil-
ECOWAS’ disintegration at 50
ity and the unspoken jeopardy it carries can be significant assets in negotiation, and there are moments when diplomatic routes have failed that the national interest must be defended by force. But sequencing is everything. Lives and livelihoods depend on it.”
He added that: “Nigeria’s foreign policy has traditionally been anchored on Africa as the centerpiece, supported by non-alignment, economic diplomacy, and global multilateralism. While these principles remain relevant, they must evolve to reflect the realities of our time.”
Tuggar noted that: “A nation’s foreign policy is only as firm as the intellectual and strategic framework that underpins it. This is why fora such as the Agora Policy Roundtable are invaluable. Policymakers, scholars, and industry leaders must collaborate to provide thought leadership that informs our diplomatic choices.
“Nigeria must remain proactive, adaptive, and innovative in its foreign engagements as it navigates global uncertainty. Evidence-based policymaking, a long-term vision, and a commitment to national and continental advancement must underpin our strategy.”
He insisted that: “Nigeria’s foreign policy during a time of global uncertainty is not merely about responding to external pressures
but also about shaping our destiny within the international order.
“It is about ensuring that our economy is resilient, our security is safeguarded, and our voice is amplified in global decision-making.”
Meanwhile, CDD Senior Fellow, Prof. Jibrin Ibrahim said: “ECOWAS has been instrumental in deepening democracy in our region. Yet, the emergence of unconstitutional regimes threatens the unity and progress we’ve achieved.”
Ibrahim maintained the importance of continued dialogue with the Sahelian countries that have experienced coups, advocating their reintegration into ECOWAS through a renewed commitment to democratic principles.
He also noted the region’s economic struggles, saying that West Africa now hosts one of the largest populations of impoverished people globally.
He highlighted the inability of many ECOWAS member states to generate sustainable employment, particularly for the youth, fuels disillusionment and instability.
He said: “The dream of independence -access to education, opportunity, and self-determinationhas faded. That broken promise is now being expressed in terrorism, displacement, and deepened poverty.”
He insisted that ECOWAS needs
to undergo comprehensive reforms, calling for dismantling systems rooted in colonial and imperial legacies and emphasized the need for inclusive governance structures that prioritize the welfare of all citizens.
He said: “Without reclaiming West Africa’s resources for its people, genuine development and integration will remain a distant dream.”
On his part, the chairman of the CDD Board, Comrade John Odah, reflected on ECOWAS’s 50-year journey, acknowledging both achievements and challenges.
He urged civil society organizations to critically evaluate the bloc’s successes and shortcomings and to actively support the vision of regional integration.
He said: “ECOWAS was established to integrate 15 sub-Saharan African countries socially, economically, culturally, and politically. Despite challenges, significant progress has been made. It’s imperative for civil society to ensure that the dream of ECOWAS integration is not aborted.”
He urged stakeholders to interrogate what has been successful and what have been the challenges in the 50-year history of ECOWAS integration, and to contribute in whatever way possible to ensure the dream of ECOWAS integration is not aborted.
PRESIDENCY: TINUBU FULLY INVOLVED IN GOVERNANCE DESPITE FOREIGN TRAVELS
concern and assure all Nigerians that governance proceeds without interruption,” the presidential statement added.
Also, yesterday, the National Leader of Afenifere, Fasoranti, lauded Tinubu for what he described as his moves and actions aimed at improving the country.
Speaking when playing host to the wife of the president, Senator Oluremi Tinubu, at his Akure residence, the 98 year-old elder statesman, according to a statement by the First Lady’s Media Assistant, Busola Kukoyi, noted that the president had indeed surpassed his expectations.
Fasoranti also commended the First Lady for the support shehas continued to give the president through her Renewed Hope Initiative (RHI) and taking its dividends round the country.
Earlier, Mrs Tinubu, who noted that the visit was an informal one to convey the president’s warm regards to a man she and the president considered a ‘father figure’ was on the sideline of her two-day visit to Ondo State to hand over professional kits to midwives in the South-west
zone of Nigeria.
In her keynote address, Mrs Tinubu applauded the frontline health workers adding that they should take training and retraining seriously so as to get better at their jobs.
“This event is to complement the ongoing federal government retraining exercise for 120,000 frontline health workers nationwide. I am informed that 59,570 health workers have already completed their training and that is why the Renewed Hope Initiative procured 60,000 branded scrubs and 60,000 pairs of crocs, as an incentive to encourage and support the tireless dedication of our midwives.
“I commend the Coordinating Minister of Health and Social Welfare, Prof. Mohammed Ali Pate; the Executive Director and Chief Executive of the National Primary Health Care Development Agency (NPHCDA), Dr. Muyi Aina, and their entire workforce for their dedicated focus on improving healthcare delivery for our citizens as an important pillar of development, in line with the Renewed Hope Agenda of President Bola Tinubu.
“Since inception in 2023, the
Renewed Hope Initiative has provided targeted interventions in Agriculture, Economic Empowerment, Education, Health and Social Investment to improve the lives of families across Nigeria.
“RHI recognises that the demands of the health profession require not only skills and compassion, but also the right tools and kits to encourage our Midwives as they serve others. We thank you for all your good work,” she stated.
At the event, the first lady gave N50 million to the wife of the Ondo governor, Mrs Oluwaseun Aiyedatiwa, for onward disbursement to 1,000 women petty traders under the RHI Small Business Recapitalisation Programme.
Of the 1,000 women, 200 who were into selling fabrics received two bales each of the commodity to boost their trade.
The first lady had also met with over 60 Traditional Rulers in the state led by the Deji of Akure Kingdom, Oba Aladetoyinbo Aladelusi Ogunlade, who stood in for the Chairman of the Council, Olowo of Owo.
The traditional rulers, who were
full of encomiums for Tinubu and his wife, assured them that they would take the message of the Renewed Hope Initiative on heightened testing for tuberculosis, HIV/AIDS, prevention/ treatment of the diseases and end to stigmatisation to all their subjects. The Ondo State Traditional Council however threw its weight behind the president for a second term in office.
The first lady’s train later proceeded to the Dome, in Akure,where she formally handed over the kits comprising 10,000 scrubs and 10,000 crocs to midwives in the South West geo-political zone. Mrs Oluwaseun Aiyedatiwa thanked the First Lady for being a true mother especially as she continued to address the plight of women, youth and children. In the same breath, Governor Lucky Aiyedatiwa pointed out that the various interventions of the president, including the location of the Airforce School in Akure, and upgrade of the Adeyemi College of Education to a University of Education, among others, had greatly improved the lot of the citizens.
Governor of Enugu State, Dr. Peter Mbah (right), consoles Christian Chukwu’s widow, Mrs. Lilian Chukwu (centre) and his sister-in-law, Mrs. Charity Ezugwu (left) during a condolence visit to the Enugu residence of the Nigerian ex-international and Super Eagles coach, Christian Chukwu, on Wednesday
Michael Olugbode in Abuja
LEADERSHIP AND MANAGEMENT SUMMIT…
NAPTIP Arrests Two Masterminds of Cote D’voire Human Trafficking Syndicate, Rescues Two Victims
Michael Olugbode in Abuja
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has commenced a major onslaught against organized human trafficking criminal gang in the country as its operatives have arrested two Abuja-based high profile figures suspected to be the arrowhead of a trans-border human trafficking syndicate operating within the West African and Gulf of Guinea regions.
According to a statement signed by the agency press officer, Vincent Adekoye, yesterday, the suspects, Emmanuel Igwe, 32, and Ugochukwu Christian, 30, were mentioned by some of the human trafficking victims who are presently stranded in Côte d’ d’Ivoire during their conversation
with the popular human rights activist and social media influencer, Martins Vincent Otse, also known as the VeryDarkMan (VDM), thereby prompting his intervention and subsequent visit to the headquarters of NAPTIP in Abuja.
Adekoye said the suspects were arrested inside their sprawling mansion, which is located in one of the popular estates in the Lugbe Area of the Federal Capital Territory, Abuja, adding that the tastefully furnished mansion equiped with various devices also serves as the Command Base and Residence for the gang.
He said during the operation led by the head of operations of the agency, which lasted several hours due to the high-tech facilities of the smart house that hinder
Navy FOB Escravos Destroys 7 Illegal Refining Sites in Delta
free access, two suspected victims of human trafficking were also rescued.
Adekoye said preliminary investigation revealed that the
victims were recruited by the suspects, subjected to an oath of secrecy already, and were undergoing marathon sexual orientation from the suspects as
they were stalked naked and in sexual romp when operatives burst into their rooms
Speaking with the operatives after the rescue, one of the victims
(name withheld) disclosed that they were recruited from one of the eastern states and were promised a highly paid job in a flourishing mall in Ivory Coast.
Oborevwori: Investing N2bn on Roads in Each LGA Shows Sustainable Development
Omon-Julius Onabu inAsaba
One of the deliberate interventions in infrastructure towards sustainable and even development across Delta State is the decision of his administration to invest N2 billion on roads in each of the 25 local government areas of Delta State, Governor Oborevwori has said.
The governor made this assertion in his remarks as the Special Guest of Honour at the 2025 edition of Maris Annual Public Service Lecture held in the Unity Hall of Government House Asaba, yesterday.
The governor, who described the theme, “Local Governance and
Sustainable Development”, as apt and timely, said that as a state government, his M.O.R.E. developmental agenda “is anchored on a foundation of inclusiveness, fiscal responsibility and grassroots development.”
He noted that sustainable development should not be regarded as a slogan but must be translated into physical development that could be felt in every ward, village and town across the state.
Represented by the Commissioner for Special Duties (Government House), Dr Ifeanyi Osuoza, the governor thanked “the guest lecturer for delivering a well- researched lecture” that should set every government at sober reflection.
Customs CG: Goods Seized Without Suspects Incomplete Exercise
Laleye Dipo in Minna
NSCDC Arrests Seven Operators of Illegal
Oil Dumps in Abuja
Sylvester Idowu in Warri and Michael Olugbode in Abuja
Operatives of the Nigerian Navy Forward Operating Base in Escravos have again deactivated seven illegal refining sites at Obodo Omadino in Warri South West Local Government Area of Delta State.
Similarly, operatives of the Nigeria Security and Civil Defence Corps (NSCDC) have arrested seven suspects for their alleged involvement in operating seven illegal oil dumps in Jahi/
Katampe area of the Federal Capital Territory (FCT), Abuja. The exercise in Delta, which was carried out in three different operations, led to the seizure of 5,980 litres of stolen crude oil and 3,180 litres of illegally refined AGO.
According to the Commanding Officer, Forward Operating Base (FOB), Escravos, Navy Captain Ikenna Okoloagu, the seized items were found across eight ovens, 50 dug-out pits, and 67 polythene sacks.
He disclosed that personnel on March 29, this year first deactivated three illegal refining sites in the community containing approximately 1,070 litres of stolen crude oil and 960 litres of illegally refined Automotive Gas Oil (AGO) concealed in two ovens, 19 dug-out pits, and 18 polythene sacks.
Navy Captain Okoloagu said in a follow-up operation on April 11, 2025, personnel again discovered and deactivated two additional illegal refining sites in same community, adding that during the operation, about 2,500 litres of stolen crude oil and 1,450 litres of illegally refined AGO were discovered, stored in three ovens, 12 dug-out pits and 20 polythene sacks.
He disclosed that as personnel continued with their onslaught discovered and deactivated another two illegal refining sites in same community on April 16, 2025.
The Comptroller-General of the Nigerian Customs Service (NCS), Mr. Bashir Adewale Adeniyi, has told officers and men of the organisation that goods seized from smugglers without the suspects being arrested and brought for prosecution “is an incomplete operation.
Funmi Ogundare
“Your job is incomplete if no suspect is arrested in any raid or similar exercise. Any suspect or suspects apprehended during any intervention of this nature will lead to many hidden facts, including those behind
The West African Examinations Council (WAEC) yesterday announced its readiness to conduct the 2025 West African Senior School Certificate Examination (WASSCE) for school candidates in Nigeria, with the introduction of its first computer-based version of the examination.
‘Low
such deadly acts, where they are coming from and where they are heading,” Adeniyi declared in Minna, Niger State, yesterday.
The comptroller-general, who spoke through the Assistant Comptroller General in charge of Finance, Administration and Special Duties, Mr. Hussein Kehinde Ejibunu, insisted that any seizure without the suspect apprehended is an “incomplete exercise.”
Speaking at the parade of 500 (25) liter jerry cans and two drums of petrol seized from smugglers by operatives of the Command in Niger State.
The council, he noted, has also introduced question variation, ensuring that no two candidates will receive the same set of questions, another innovative approach to maintaining academic integrity.
Speaking at a press conference in Lagos, the Head of National Office (HNO) of the council, Dr. Amos Dangut, revealed that the 2025 examination will feature Computer- Based WASSCE (CB-WASSCE) for some subjects, a move aimed at modernising test administration and combating examination malpractice.
The HNO said the 2025 examination will take place from April.24 to June 20, spanning eight weeks and one day with 1,973,253 candidates from 23,554 schools registered. Of the total number, 979,228 candidates are males, representing 49.63 per cent while 994,025 candidates are females, representing 50.37 per cent of the total candidature.
Enlistment of Igbo Youths in Military Fueled by Alleged Deployment to Volatile Areas, Others’
David-Chyddy Eleke in Awka
A group, Coalition of South East Youth Leaders (COSEYL) has listed reasons why the zone always registers poor figures in youth enlistment into the Nigerian Army. Recent statistics showed that in the last enlistment process, the zone registered the poorest number of
enlistees into the Nigeria military.
In a statement issued by COSEYL, its President-General, Mr. Goodluck Ibem, attributed poor enlistment to a number of reasons, including alleged deployment of Igbo soldiers to volatile parts of the North, where casualty figures are always high among soldiers. Other reasons given for the low enlistment include poor career progression, historical mistrust arising from civil war massacre, influence of separatist elements and targeted killings by their own brothers posing as separatists.
He said for this trend to be reversed, the hierarchy of the Nigerian Army must come out clean to address especially the first
three reasons, that the nation must also forge genuine reconciliation and promise equal opportunities. He said: “We join others to express concern that has been voiced by many stakeholders and community members in the South-east region regarding the consistently low enlistment of our youths into the Nigerian Army.
Made-in-Japan Kangen Water Ioniser Machine Now in Nigeria
Sunday Okobi
A major Enagic independent distributor, Mrs. Funmi Oluwole, has stated that the much anticipated made-in-Japan Kangen Water Machine, which is described as the game-changer designed to turn tap water into Ionised alkaline water and provide antioxidant-rich drinking water globally, has finally arrived in Nigeria.
Speaking in Lagos, the United Kingdom-based Enagic independent distributor and businesswoman, Oluwole, stated that the machine, equipped with an advanced ionisation system, is designed to ensure access to clean and safe drinking water worldwide.
Oluwole emphasised that the Kangen machine is perfectly suited for homes, offices, and
communities in Nigeria, adding that the machine features an energy-efficient and eco-friendly design.
While describing the machine as compact, durable, and constructed for long-lasting performance, she told journalists: “With its advanced filtration system, this machine removes impurities, contaminants, and bacteria from water, runs the water through its platinum plates
and provides ionised alkaline water for everyone.
“It de-toxicates the system and reduces the risk of waterborne diseases to provide improved overall health.”
She explained that the machine, specifically designed to meet the unique needs of Nigerian communities, offers excellent customer support and after-sales service.
L-R: Mr. Williams Popoola; President, Lagos Central Baptist Conference, Rev (Dr) Victor Akerele; Mr. Gbenga Ogundare; President, Lagos West Baptist Conference, Rev (Dr) Samuel Oladiran; Mr. Gbenga Ajediti, and Lagos East Baptist Conference, Rev. Dr. Matthew Awujoola, during the leadership and management summit in Lagos…yesterday
World Players’ Union, FIFPRO, Indicts NFF, League Body on Death of Nasarawa Player
Duro Ikhazuagbe
World players’ union, FIFPRO, has indicted, the Nigeria Football Federation (NFF), the NPFL and the Nasarawa United FC over the death of player Chineme Martins after he collapsed and died during a game in March 2020.
Martins, who played for Nasarawa United FC, died aged 23 years when he collapsed during a match where the medical services were deemed insufficient.
yesterday, the National Industrial Court of Nigeria ruled the club “breached their duty of care” towards Martins and they must compensate his family.
The court also said the league body, the NFF and match commissioner had a duty of care to ensure the club complied with relevant regulations that were breached.
FIFPRO added that an NFF report concluded that there was neither a medical doctor nor a physiotherapist at the game while there was “no functional ambulance at the stadium”
“The court’s ruling stated it was ‘reprehensible’ that Martins was allowed to play without complete medical tests,” FIFPRO said in a statement.
“An echocardiogram was never conducted on Martins at the start of each of his three seasons with the club – and without the provision of adequate medical facilities at the
FIFPRO said its lawyers had helped the player’s family pursue the claim of negligence. “I hope that the appropriate medical
Maguire Seals Europa League S’final Ticket for Man Utd
Ruben Amorim has vowed to go all out for Europa League glory after Manchester United progressed to the semi-finals with a showstopping 5-4 extra-time win against 10-man Lyon.
The Red Devils looked to have blown Thursday’s make-or-break quarter-final second leg at Old Trafford, where the visitors responded to Manuel Ugarte and Diogo Dalot’s first-half efforts by scoring four without reply.
Corentin Tolisso and Nicolas Tagliafico goals in quick succession took the match to extra-time, when Lyon kicked on despite Tolisso’s sending off for two bookable offences as Rayan Cherki and Alexandre Lacazette rocked United.
But Amorim’s men dug deep and went on to secure a scarcely believable victory as Bruno Fernandes’ penalty was followed by Kobbie Mainoo’s excellent
120th-minute leveller and Harry Maguire’s match-winning header moments later.
“The sound of the two last goals were amazing and that is something we can keep for the future,” the United boss said after an unforgettable 7-6 aggregate triumph that secured a semi-final against Athletic Bilbao.
Elsewhere, Chelsea progressed to the last four of the Conference League but Enzo Maresca’s problems continued to mount as Legia Warsaw won 2-1 at Stamford Bridge in their quarter-final second leg to deepen supporters’ frustrations with the head coach.
The Italian’s side will be favourites to reach the final in Wroclaw on May 28 but there was little here to strike fear into any opponent as the hosts were made to rely on their victory a week ago in Poland to go through 4-2 on aggregate
Zubairu Picks Bameyi, Jephta, Arierhi, 21 Others for U20 Africa Cup of Nations
Head Coach Aliyu Zubairu has selected first-choice goalkeeper
Ifeanyi Harcourt, defender and captain Daniel Bameyi, midfielder Sulaiman Alabi Jojo and forward Kparobo Arierhi among a squad of 24 for this year’s Africa U20 Cup of Nations taking place in Egypt. The tournament gets underway in 10 days.
Defenders Adamu Maigari and Emmanuel Chukwu (based in Germany), midfielders Caleb Ochedikwu (based in Croatia) and Simon Cletus, and forwards Clinton Jephta, Divine Oliseh and Precious Benjamin (based in Germany) are also picked.
The seven-time African champions and two-time World Cup runners-up will depart the shores of Nigeria for Egypt on Sunday, where they are expected to play a couple of friendly matches before their opening match of the competition against Tunisia in Cairo on Thursday, 1st May.
Three days after the clash with the Tunisians, the Flying Eagles will take the pitch against Morocco (also in Cairo) before rounding off their group phase experience against Kenya on Wednesday, 7th May. All four semi-finalists at the tournament in Egypt will fly Africa’s flag at this year’s FIFA U20 World Cup in Chile, 27th September – 19th October.
24 FLYING EAGLES FOR EGYPT 2025:
Goalkeepers: Ifeanyi Ebenezer Harcourt (Sporting Lagos); Rufai Abubakar (Mavlon FC); Soliu Ajia Yakub (FK Novi Pazar, Serbia)
Defenders: Adamu Maigari (ElKanemi Warriors); Odinaka Okoro (SportingLagos);Daniel Bameyi (Bayelsa United); Emmanuel Chukwu (TSG 1899Hoffenheim,Germany); Chigozie Michael Ihejiofor (Katsina United)
Midfielders: Caleb Ochedikwu (NK Uljanik Pula, Croatia); Israel Isaac Ayuma (NK Istra, Croatia); Simon Cletus (MavlonFC); Sulaiman Alabi Jojo (El-Kanemi Warriors); Auwal Ibrahim (AkwaUnited); Shafiu Adamu Duguri (Wikki Tourists)
Forwards: Precious Benjamin (TSG 1899Hoffenheim,Germany); Ezekiel Anthony Kpangu (Inspire FC); Divine Oliseh (Forster Academy); Clinton Jephta (EnyimbaFC); Bidemi Amole (Real Sapphire FC); Tahir Maigana (WirelessFC); Theophilus Mendos Rickson (Niger Tornadoes); Kparobo Nathaniel Arierhi (Lillestrom SK, Norway); Matthew Kingsley (KingsFC); Yushau Armiyau (Katsina United)
Meranda Applauds South West Games, Urges Organisers to Sustain Excellence
The Deputy Speaker of the Lagos State House of Assembly, Hon. Mojisola Lasbat Meranda, has commended the organisers of the South West Games 2025 for what she described as “a brilliantly conceived and excellently delivered sporting initiative that holds immense promise for youth development and regional integration.”
Hon. Meranda gave the commendation while receiving the President of the South West Games, Dr. Lanre Alfred, and members of the Organising Committee who paid her a courtesy visit at the Lagos State House of Assembly complex. She described the tournament as a timely and well-executed intervention that promotes not only physical excellence, but also unity, discipline, and communal pride.
“Let me sincerely applaud you, Dr. Alfred, and your entire team for this visionary project,” Meranda said. “The South West Games is a shining example of how sports can be used to engage our youth constructively, foster regional pride, and build a culture of healthy competition. What you’ve done is not just commendable—it’s exemplary.”
Meranda, who is widely recognised for her commitment to youth-focused initiatives and community development, further urged the organisers to look beyond the region and scale the project into a national model that could drive broader grassroots sports development across Nigeria.
“This shouldn’t end in the South West,” she noted. “You have started something beautiful and impactful. It must be sustained, expanded, and replicated. Let it become part of Nigeria’s sports development blueprint—structured, inclusive, and nationwide.”
The Deputy Speaker’s praise comes at a time of growing recognition for the South West Games, which recently concluded its successful debut edition across the six states of the region. The multisport tournament attracted young athletes from diverse communities
and garnered strong backing from political, corporate, and traditional institutions.
Responding to the endorsement, Dr. Lanre Alfred expressed his heartfelt appreciation to Hon. Meranda, calling her commendation “a powerful affirmation from a highly respected voice in public service.”
“To be received and honoured in this way by the Deputy Speaker of Lagos State is deeply humbling,” Alfred said. “Her words encourage us to do more, and her guidance offers a clear path forward. This
is no longer just our project—it is becoming a shared dream.”
Alfred also disclosed that preliminary consultations are underway with stakeholders from other geopolitical zones aimed at designing an inter-regional sports calendar, with the South West Games serving as a model for replication.
“The support we’ve received, especially from leaders like Hon. Meranda, has emboldened us to pursue our broader vision,” he noted. “We are laying the foundation for a talent pipeline that reaches every corner of Nigeria, starting from the communities that need it most.”
The South West Games 2025, heralded as the first of its kind in the region, showcased a range of sporting disciplines, drew record participation, and prioritised community engagement alongside athletic competition.
With endorsements like Meranda’s and interest growing beyond the region, the Games are now widely viewed as a blueprint for sustainable youth engagement, regional unity, and grassroots-driven national transformation through sports.
As Alfred concluded during the visit, “We are grateful for leaders who don’t just watch from afar, but stand with us. Hon. Meranda’s belief in what we’re building gives us the fuel to dream even bigger. The South West Games is not just a tournament, it is a movement.”
provisions are put in place for Nigeria’s footballers going forward, so that no family has to endure the pain we have suffered,” Martins’ brother Michael observed yesterday.
Lafia Township Stadium.”
Harry Maguire secured a last-gasp 5-4 extra time win for Manchester United against Lyon to secure a 7-6 aggregate Europa League semi final ticket last night
Deputy Speaker of the Lagos State House of Assembly, Hon Mojisola Lasbat Meranda (left) being presented with a branded jersey of the South West Games 2025 by President of the SWT 2025, Dr Lauren Alfred during the committee’s visit to the Deputy Speaker in Lagos during the week
According to FIFPRO in a statement when he collapsed.
Ruben Amorim has vowed to go 120th-minute leveller and Harry
LJLA LAGOS LEADERSHIP SUMMIT...
L-R: Executive Secretary, Lateef Jakande Leadership Academy (LJLA), Mrs. Ayisat Agbaje-Okunade; Chief Responsibility Officer, Bassila International Communications Ltd, Omooba Deji Irawo; Oniru of Iruland, Oba AbdulWasiu Omogbolahan Lawal, Abisogun II; Governor of Lagos State, Mr. Babajide Sanwo-Olu; Emir of Zazzau, His Highness, Amb. Ahmed Nuhu Bamali; former Governor of Lagos State/ex-Minister of Works and Housing, Mr. Babatunde Fashola; the Olu of Warri, His Majesty Ogiame Atuwatse III and Head of Service, Lagos State, Mr. Olabode Agoro during the LJLA Lagos Leadership summit themed “Transformative Leadership: Development Responsive, Adaptive and Inclusive Models”, at the Konga’s Place, Lekki, ... on Wednesday
AKIN OSUNTOKUN
Beyond The President
There are two perspectives from which the apparent lopsidedness of President Bola Ahmed Tinubu’s appointments can be understood.There is the power politics perspective and there is the federalism compliant dimension.
The emergent casus belli between the President and the custodians of the Northern Muslim electorate devolves on this lapse. It is amenable to being cited as the enactment of Yoruba/ Tinubu triumphalism on one end and the entitlement syndrome of the hegemonic North on the other.
The President has been quite deliberate and systematic in wielding this power politics instrument. There have been repeated pronouncements of the arrival of a new sheriff in town and a pharaoh who does not know Joseph. Thereby, Tinubu and Nigeria have embarked on a journey of no return to the status quo ante. This is the first time in the history of Nigeria that a President of Southern origins, will deliberately engage the custodians of the Northern Muslim electorate in a zero sum game. The latter has a vested interest in preserving the myth of Northern hegemony against which the former has thrown the gauntlet.
If the Tinubu Presidency is having problems with this constituency today it is largely on account of not adequately yielding to this entitlement syndrome. In so doing, he must have factored the potential consequences (including especially the challenge of seeking reelection) into the equation.
The role of the Yoruba intelligentsia in this dogfight is uncertain but when push comes to shove there is a limit to which a fellow Yoruba can lead the charge against a Nigerian President of Yoruba origins for the sin of overcompensating his Yoruba kith and kin within the context of the turn by turn predicate of Nigerian politics. Moreso at a time when the division across ethno regional lines is at a record high and when no silver lining is discernible in the horizon.
Without the awful precedent set by Buhari, it is well nigh impossible that his successor will ply the same route. Buhari has set the benchmark for how a divisive political leader can find the winning formula from the standpoint of exclusive discriminatory leadership. You would have noticed that notwithstanding his disastrous outing as President, his residence increasingly teems with vengeful and bitter anti-Tinubu standard bearers.
There is now an established Muhammadu Buhari model in which the political leader is wildly popular and commands a cult followership on account of his personification of ethno national irredentism. In a discussion with President Bola Ahmed Tinubu several years ago, he said he was realistically constrained to ally himself with the former President, on account of the “cult followership”the latter commands amongst the Muslim North electorate. In the effluxion of time, this realpolitik vision has been vindicated and amply rewarded.
Upon his ascension to the high office,Tinubu wasted no time in putting the Buhari model practice. In a cynical rationalisation of his nepotism, the argument was made (for Buhari) that the seeming
lopsidedness of his appointments is extenuated by the rationale that those appointees are spread over the three Northern zones, North West, North Central and North East. In pursuit of this phantom explanation, Buhari actually argued on one or two occasions that he was compelled to make the appointments (the chief of Army staff in particular) because no officer of Southern origin was competent and capable enough.
In a similar replay of the Buhari mischief, Tinubu has proposed that the Yoruba lopsidedness of his appointments is merely a reflection of the fact that his appointees from kogi and kwara are only Yoruba in name but are Northern Nigerians by citizenship
Typical of such Yoruba Northerners is the newly appointed Group Managing Director of the Nigeria National Petroleum Corporation, NNPC, Mr Bayo Ojulari. Ulterior motives notwithstanding, I should not forget to commend the President for finally summoning the courage to get rid of Malam Mele Kyari from the Nigeria National Petroleum Corporation, NNPC. How a man who embodied all that was wrong with the NCNC, merits being reappointed, in the first place, beats the imagination hollow.
Albert Einstein must have had Nigeria in mind when he concluded that it is only a mad man who keeps doing the same thing and expects a different outcome. It is in the evasion of the fundamental issue at stake (federalism) that the federal character principle was manufactured. The failure of this escapist construct was heralded by the artful dodger propensities of Nigerian leaders (circumventing the law while studiously breaching the spirit). In its manifest inadequacy in addressing the problem of the Nigerian dysfunctional pluralism, the federal character principle is akin to the employment of a table knife to cut a tree; of mistaking the forest for the tree; of misconstruing leprosy as eczema. The doctrine of ‘Federal Character’ emerged from
the 1979 Constitution, and it calls for the distribution of federal appointments to reflect equitably the different dimensions of the nation’s ethnic, regional and religious, heterogeneity, in order to ‘promote a sense of belonging and loyalty” among the diverse peoples of Nigeria. The doctrine did not stand up to scrutiny. In the assessment of the principle, Peter Ekeh denounces it (‘Federal Character)’ as the ‘solution that has deepened the problem it was devised to tackle’. Afigbo believes that the present structure of the Nigerian federation has not succeeded in meeting and solving the problems which necessitated the emergence of ‘ Federal Character’. He is of the view that the Nigerian North-South dichotomy remains a thorny issue, in spite of attempts to obliterate it by demarcating the nation into smaller states
The principle did not self-destruct, it was subverted by those who were contracted to ensure its application. And this is the problem with those who argue that the random variable of good leadership rather than the restoration of federalism (the relationship between the center of a political regime and its constituent parts, however those parts are conceived) holds the key to the solution of the problem of Nigeria. Let us apply this argument to the fourth Republic and ask of the extent to which leadership has complied with the implementation of the federal character principle.
I think that of the five Presidents who had governed Nigeria since 1999, President Olusegun Obasanjo is the only one who can be fairly judged as passing the implementation of the federal character litmus test. The extrapolation here is that, in generic terms, the chances of getting a good Nigerian President is 20%. In other words, for every successful Nigerian President, you are going to get four failures.
In this scenario the realistic and scientific attitude (otherwise known as the worst case scenario) is to hope and not expect that Nigeria will get good leadership. If the problem is formulated in this manner, you will then put your expectation first on constitutional guardrails and secondarily on the hope for the elusive good leadership.
Potentially and notionally, you assume that the likelihood is that bad (not good people who need to be curtailed and constrained) will find their way to power. Such constraints are what you call checks and balances. In the case of Nigeria, the risk of national damage is directly proportional to centralisation. In other words, bad leadership will have limited capacity (especially at the centre) to wreak damage the less centralised the system. Because of the inevitability of bad leadership and the dictum that power corrupts and absolute power corrupts absolutely, the less the concentration of power at one source and the more the dispersal of power, the more constrained is the wielder of power. According to Rotimi Suberu “federalism in Nigeria is subverted by de facto hypercentralization, as resource distribution devolves top-down from the center. Second, politics within Nigeria’s federal order focuses on access to and distribution of the centrally distributed wealth, rather than on its production”
It is a constant in the history of mankind that the development of any society is founded on the extent to which the two variables of hard work and reward are wedded in a direct proportional relationship. And since this is a rational concept, it follows that the ethic abides as the organising principle of rationally designed societies. Nigeria has chosen to be an exception to this rationality – with dire consequences.
Let me call it a day with a helicopter view of the concept, applicability and indispensability of federalism to Nigeria.
Professor Wole Soyinka, has been criticised for being tepid in his reaction to the declaration of a state of emergency in Rivers state yet he made the important point that an unintended consequence is the impoverishment of federalism. My position is that any structure that makes it possible for the President to be this powerful cannot be right for Nigeria
“ Federalism, according to our definition, is a means of governing that grants partial autonomy to a polity’s geographically defined subunits. Combined, the elements of geography and autonomy distinguish federalism from other consociative strategies. The issue is the relationship between the center of a political regime and its constituent parts, however those parts are conceived. (Feeley, Malcolm M., and Edward L. Rubin).
The basic political dilemma of pluralism is to reconcile the common interests of the society as a whole with the particular interests of its subgroups. The spatial basis for social partitioning inherent in regionalism offers a very attractive solution to this problem, for territoriality provides clearly demarcated zones of jurisdiction. Central to the logic of the federalist solution, therefore, is the concept of regionalism. However, its intrinsic simplicity may create difficulties”. (H. LITHWICK )
“Federalism becomes useful when people’s political identities conflict but their political lives are intertwined as members of a single polity or as members of different polities that want to join together. Inevitably, it involves a compromise; a central government is established or maintained, but some or all regions of the polity are granted autonomy over specified governmental functions”
“Federalism has to do with the need of people and polities to unite for common purposes yet remain separate to preserve their respective integrities. Federalism itself is not optimal; it is a suboptimal compromise designed to resolve situations that threaten to descend into even less attractive possibilities” Nigerian pluralism is, for instance, uniquely bound to conflict and crisis and highly resistant to national integration. (Dan Elazar)
“Most of the problems confronting Nigeria were results of the structure. if a structure is not working we have a responsibility to make adjustments to that structure.”(Agboola Gambari)
Rather than animus and mutually assured destruc- tion, If this moment can serve to indicate that in the present dispensation of pseudo-federalism, all of us are losers, the purpose of reinventing Nigeria would have been achieved.
President Bola Tinubu